However, even panic sellers can make profit. For example, those people that were using bitcoin since last year can make profit even if they did sell their coins at this dump or price correction. Simply the (natural) flow of bitcoin saves all those panic sellers. The problem with most people is that they don't know when to sell since there's not that much sign when exactly is the price going to go up/down. I hope this price correction serve as a lesson or a reminder to all of us.
someone who has bought bitcoin last year and held it until now and never sold on all those FUD and previous panics is not a panic seller dude, get your facts right.
a panic seller is a newbie who bought bitcoin when price went up to $1050-$1100 and sold because price went down to $850 and now he is crying because he lost a couple of thousands of dollars.
Bitcoin price movement is happening not just because of the big whales. Price movement is happening just on reaching the peak more and more started selling the bitcoin to grab the profit. This increased circulation in a short along with the big whales who suddenly make bulk movement causes the price fall. Within a short we can expect a sustained price.
an experienced trader with lots of bitcoin (a whale) knows too well not to sell a massive amount (48,000 BTC was total volume on btx) at once, he sells slowly to make the most profit on highest price.
a manipulator however opens positions at low prices then dumps big amount, creates panic and gets his orders filled making 35% profit in less than an hour.
