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. You cannot convince people not to do panic selling because it is their own choice and panic selling is just a normal thing when there is a bad news going on in the crypto industry.
Yes,that is right. But what we need is how to face and anticipate this moment. High pressure or high volume of sellling, theoritically will cause price to drop and this condition is a further good opportunity to buy more or buy again at lower price.This decision and strategy can be used to cover previous loss or minimize your risk.