Hey there!
A question of panic selling was already discussed on this forum a billion times. But whats bad here? If you are sure that the price will grow back then you can just buy some BTC in better rates. The more dangerous will be the situation when someone is buying BTC while being afraid of loosing some profits despite the fact that pump has already happened (I'm calling it a panic buying). Thats seems like a straight way to lose money and make a bubble.
A question of panic selling was already discussed on this forum a billion times. But whats bad here? If you are sure that the price will grow back then you can just buy some BTC in better rates. The more dangerous will be the situation when someone is buying BTC while being afraid of loosing some profits despite the fact that pump has already happened (I'm calling it a panic buying). Thats seems like a straight way to lose money and make a bubble.
Hi there Beerwizzard! Yes, your notion about panic buying and selling is true. Traders are tend to sell when many traders is starting to sell a bunch of their possession, that amplify the sudden drop of price but on the other hand, that also trigger the sudden price soar. We can see that scenario several times this past few weeks. But as you check the market overall the price tends to go upwards most of the time rather than downwards, those fact is etch to the mind of traders that have a good information to foresee that the price will not suddenly drop to its very critical level.
