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.
not everyone who is bitcoin investor that panic when the price of Bitcoin is going down, the thing is that most of the people that panic to sell when the price of Bitcoin decreasees, is the people who new in bitcoins investment, because someone who is new in bitcoins investment will definitely be afraid of the downfall of Bitcoin, but someone who has witnessed different falling of Bitcoin will not panic to sell bitcoin when the price drops in the market
Because it has been mastered by regular falling of Bitcoin price, if I'm not mistaken, I know very well that bitcoin price is something we need to understand that it never be a constant something, it always decreasees and also increases in price.