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.
Experienced investors or traders never sell for fear of price dumping. If the market is currently in a dumping position and those who are selling at this time are not experienced old investors, I think those who are selling investments or trading and all are new because they do not have the right idea about this market. Due to the lack of the right idea, the market is dumping, they are very afraid. However, from my experience, I can say that it has become more popular than Bitcoin and considering the way people have taken Bitcoin as an investment, I think that you should never be afraid of investing in Bitcoin because Bitcoin will definitely increase.