Why do people sell their Bitcoin due to fear of the current drop in price. Do They feel the price will drop further and never go up again ?
I feel before anyone invests on Bitcoin they should get a proper understanding of how the Bitcoin market operates. Because if an individual has good understanding they will know that the rise and fall in price of Bitcoin is normal so there won't be a need to panic rather see it as an opportunity to accumulate as much as possible in anticipation for a rise in price.
Many people has the knowledge of bitcoin, many doesn't know. Those that know is often gripped with fear when the market begins to play
it'sits character out, let alone those that doesn't know about the market. The fear and uncertainty
is part of the market and it will surely be respected. Even if we are sure that bitcoin will always give a new ATH, we are always afraid of corrections. We just want the market it continue in the green lane forever, which is not possible.
Moreover, price could drop when you need the money most. So, the timing and inconveniences is what people are afraid of.