Quote from: smyslov on May 04, 2020, 12:55:50 AM

Do you have the facts on everyone, you should change it to those in needs at this time, there are "few selling" because of their needs they have no work no business and they have to rely on whatever they have, and these are the people who put all their savings to Cryptocurrency, and now they have a need to sell, and it's not everyone.

Exactly. Not everyone sells their crypto across the market. Only those who need cash quickly in times of need (like the ones we're facing right now) will sell most (if not all) of their Bitcoin on exchanges. The smart money will always "buy and hodl" Bitcoin no matter what, since it's a deflationary cryptocurrency after all. Before you know it, you'll be able to double or even triple your investment in a few years from now. Ultimately, the decision will lie on the person himself. There will always exist people who sell Bitcoin, and people who buy Bitcoin on the market. If there's more sell orders than buy orders, you'd expect prices to go down the drain. The same thing happens vice versa.

I'd suggest that we look away from Bitcoin's prices right now, and focus on its utility. Bitcoin proves to be an excellent payment system that allows you to send money across borders at a fraction of the cost. Bank transfers are slow, costly and inefficient for the modern world. Despite Bitcoin's slow transaction speeds and high fees in the crypto/Blockchain space, it's still much more faster and cheaper than traditional payment processors of today. Buying or selling Bitcoin, depends on which situation you're facing in your daily life. It's good to "hodl" Bitcoin with expectations to make lots of money in the long term. But if you can't wait any longer, it's best to sell Bitcoin whenever you see the opportunity to do so. Stay calm and remember to never let anyone determine your decision with your Bitcoin investment. Just my thoughts Grin