Post
Topic
Board Economics
Re: Panic selling can contribute to bitcoin price going down?
by
icecream sandwich
on 24/05/2018, 09:49:15 UTC
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.

Based on my understanding about the bitcoins their price are like a supply and demand law and the more the demand or the higher the demand of the bitcoins the higher the price it will be so if you panic sell you bitcoins which is gonna lessen the demand bwcquse the supply will get higher again of course the price of the bitcoins will fall too. So prevent yourself to panic sell because you are just draging down much more the bitcoins. If you can help them just dont sell that is the least you can do.