If the price of bitcoin is reduced, there will be no problem but if the amount is reduced, there will be huge damage. When the price of Bitcoin began to fall, many who were Bitcoin Holders became disturbed and confusing. Because then they do not understand what to do in such situations. They will hold or sell. If the price of Bitcoin falls too much, then everyone sells their funds and converts Fiat to Currency because they don't want to lose too much. In my opinion, those who are long -term holders are ever afraid of falling. But when more fall, they too are often worried about assets. However, the market is analyzed in different ways, but it is understood that we are in Red Month. And we should be very careful in such situations.
That is basically panic selling and we had that a lot of times in history of bitcoin, it is not really new. We faced that multiple times and it is not really that complicated for us, it should not be all that weird for people to panic sell because we know that they do, so why be shocked about it after over a dozen times it has already happened?
I mean it happened multiple times already just this year, whenever it starts to fall a bit, everyone gets panicked and they sell too. This is why we should hold or buy during the same time, because we know that it will recover. Just like how it peaked at 120k and then dropped to 113k and then recovered, literally just a few weeks ago. Same will happen whenever there is a fall in the price.