I read, 80% of the coins being dumped now are from long term holders, they want OUT!
There are more sellers but who will buy or mine Bitcoin at such high prices
I think what you heard might be wrong. If it was so then there would have been a massive dump and the price would have gone way more down that it has gone now. This might be just another temporary correction and we should probably wait another week or two to see whether the market gets stable or not.
If you see the history of BTC you can see that the same pattern repeats again and again. Once the wave has completed another wave starts and the prices starts shooting up. Just wait for the right time.
Exactly! In my opinion too this period of dump is jut another temporary correction in the crypto market and won't last any longer. But the thing is this is for the second time in a row occurred simultaneously. This consecutive occurrence of the dip in the prices of the bitcoin has let many people to lose their faith in the crypto market. That is why many people have sold their coins in the panic and the fear of a more significant fall in the value of the coins. But I think people should retain theor confidence in the market and opt for the HODL strategy because that would be profitable in the future ultimately.