what do you think will happen after the halving and the price of btc increased and people started panic selling
will it affect the price of btc or not at all? because as i know if people are selling then the demand will decrease
resulting to price decrease, atleast thats what i know about normal market but i dont know about bitcoin.
what do you think?
criticism will be appreciated thanks!!!
that's not panic selling
panic selling is selling when the price drops, because they fear that the price will drop even lower (or to 0) and they want to prevent losing even more. Which is often irrational behavior, unless you really believe the stock is never going to recover (or at least not in their lifetime or before they plan to redeem it, for example for retirement). If you think the stock will recover in the future (which it almost always does if it's stock in a company that isn't going bankrupt any time soon, as companies are often either successful and growing, or unsuccessful and dying, companies are rarely completely stagnant, especially companies which are traded on the stock market.
What you mean is taking profit. And sure, it will create some selling pressure from people who want to take profit as the price increases, but by its very nature this will only slow down the rally, but not crash the price. Because as soon as the price drops below a certain threshold, the profit takers will lose interest (the price is too low to make a huge profit, so better wait for it to go up again before you sell).
i think you can still put this kind on event on panic selling, panic selling doesnt just occur when the price is dropping
it can still occur when the price is climbing, just like in bitcoin, rightnow people are buying btc to wait for the huge price
hike that will happen after the halving, and after the halving they will start selling most of the btc that they bought before the
start to decrease. if you are wondering why i said the price will decrease after the halving, i am basing this happening on the last
halving, last time the price went up to $1000 and after the hype is gone the btc price dramatically decrease which might happen
this halving, and im sure that most of the people who bought btc before the halving are expecting that too, thats why they will sell
the btc that they bought before the price started dropping just like last time. i may be wrong but here is an example when an item
is on a hype people are buying it almost nonstop( im referring to different person all over the world) and when the hype is fading
people are starting to stop buying the item as well. but in bitcoins case people are selling it after the halving when the hype is still
at its peak.