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.
That is why if we want to invest we have to wait for a correction or a fairly deep price drop so we can buy at a lower price and don't get carried away by Fomo, afraid of missing out if we don't buy now because something like that will trap us into buying when the price is high, experiencing a price drop is a natural thing if we have already bought at a high price, don't sell it at a low price, it's better to add and wait for it to increase again, as long as you use cold money then it doesn't matter and don't panic even if the price drops.