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.
Panic selling can contribute to the drop in Bitcoin prices as investors confidence decrease. Panic selling and broad market selloffs can create buying opportunities however and this could cause the market to turn around. Solo investors will sell off faster in fear of loosing whereas institutions don't engage with the hysteria and continue to hold onto their funds.