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 sales lead to lower prices. Masses very often behave irrationally and not in favor of themselves, this is a common phenomenon. Convince them in no way because they are doing it in a state of emotional stress)
Panic is just normal in the market of the cryptocurrencies and we just need to be immune to those type of drama in the market and it is better if we will just think opposite and instead of becoming sad, we should become happy that there are people who are fooled to just sell at the lower price because we will have a chance to buy more bitcoin from a cheaper price.