I need some opinion if panic selling can contribute of rapidly drop of the bitcoin price. If it is right how can we convince to the bitcoiners to not doing panic selling.
Yes, panic selling does in a short time, resulting in a decline in the price of the COINS, I think don't need to convince anyone, because they are thrown when prices are low loss their money, and the market will always be restored.
Amongst all the possible reasons which can bring down the market value of any of the crypto coin, this panic selling is the most common reason because of which we see the market value of so many coins going downwards. It is not only harmful for the reputation of the crypto coins and the market but it also effects the one who do so as he then suffers a huge loss because of it and then regret.