Quote from: Genemind on April 21, 2020, 02:44:37 PM

Quote from: countryfree on March 13, 2020, 05:51:13 PM

I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...

It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.

Yes, lock down or people in a quarantine have really affected the lifestyle of a lot of people especially in their financial income, as well as many investors or possible holders of Bitcoin, that needs to sell their stocks to sustain their living during this crisis. If this pandemic persists longer than what we expect, the price of Bitcoin might go again into a bearish situation as there are more and more people that are losing supplies of foods and necessities.

We should be very careful and ready for any outcome we might encounter in the coming months, either we still hold for the upcoming halving or save up and cash in fiats before the standing of Bitcoin dumps more than what we have today.

Lomberjack

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