Hi guys , I read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you should face , and its a win and win bet when you hold bitcoin . So knowing that some people selling their bitcoin I feel so sorry for them.
I would depend on the reason for selling i believe. If we look at the current prices now and you sold it when prices are low and panick is the whole reason then it is a stupid move. But if the reason is because you are in a situation that you badly needed the money then by all means it is a no.
Yes it all depends in the situation, but some people sell it because they don't have enough experience and knowledge about bitcoin that makes them afraid to hold in the deep because they don't want to loss a money and wanted to have a profit only that makes them loss. Knowledge is very important here in bitcoin so that you are confident to hold it because you know that bitcoin can change your life in the future.