Quote from: ololajulo on March 21, 2020, 05:12:45 PM

Quote from: Little Mouse on March 09, 2020, 04:48:36 AM

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

Why should anyone be looking for who to buy his bitcoin, while we have every exchange selling. I also believe those selling at this time are not the whales and old time investors, just that we have so many selling. I think the condition can be handled for few more weeks while the virus is controlled. The critical cases are the only challenging situation which requires more attention. The fear now is not having fiat and losing job

The fear of not having anything in case of emergency adding up to the surges of selling, the people who have small assets are likely to dumped and save their money in order to have something to eat if ever this virus continue to spread and take a little more time.
Panic is not easy to predict as there are lots of them who are moving and selling their assets.