What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Panic selling is just for inexperience holder of the bitcoin because if you are have enough knowledge you will not do a panic selling.
Newbies or the people who are getting started in bitcoin often do the panic selling because they don't know the things yet and you are right because they don't have knowledge so they don't have idea on how markets work so they often sell also if they see a red bar going down from the candlestick chart of bitcoin but i think that is alright for them because it will serve them as a lesson so they will not do another kind of mistake like panic selling.