Post
Topic
Board Economics
Re: How many people have been panic selling? I didn't.
by
BlackFor3st
on 27/04/2020, 03:22:56 UTC
I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
If you are a long term holder then there is no room to panic as it is only part of the market that it will go down because after that decrease the market will surely to recover again therefore a long term holder still in a good position to profit. We are talking about the #1 rank here which is bitcoin so you should put more trust to it if you plan to hold for a long term one and panic selling will only cause you some problems like losing some of your invesment money.

But in my case, I was forced to sell some of my assets just to survive from the current lock down that our government has imposed in order to control the spread of the virus.