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, it is true. Panic selling can contribute to bitcoin price going down. if many people sell bitcoin togeher, the supply will high.
Yep, bitcoin can even decrease stronger when panic selling happens. There are many people do not have the power to control their mind and emotion when they are investing their money in cryptocurrency. They can not hold their coin for profit and they are easy to be affected by other people. if the price of coin goes down, they will become panic and sell everything they have