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.
sales due to panic when people see there is a reduction in bitcoin prices, I think the price of bitcoin will go down.
there is a cause of the increased volume of bitcoin present in the market.
this can be likened if fruit season in market, fruit price will decrease.
Bitcoin price goes down due to panic selling. If a lot of investor or users of bitcoin. Its just like when one thing is really in demand in the market and the supply is limited. Meaning the price is higher than the ordinary days. But if the supply is higher than the demand it goes down.
So if we do panic selling we have no choice but to accept that the price we sell it is lower than the price we have it.