In such an unpredictable market , newbies will be easily falling off for such traps especially if they aren't familiar with all the madness that happens in the market at such times . Such people doesn't have the required knowledge or experience needed to survive such times and will eventually sell their assets thinking that they are "cutting their losses " .
In order for some to get rich , others must do such mistakes and fall for such traps , and letting emotions take control is the newbies most common mistake unfortunately , that way they'll be making a very little profit or just loosing their investment .
People should aim for having proper education and knowledge about the field before going full ham , and if they ignore the basic rules they'll be all getting the same fate .

Of course, it is better to realize this fact before you sell bitcoin at a very low price. But you're right, everything comes with experience.

This trait - panic-is inherent to all beginners in bitcoin. I watched it at everyone. I myself used to be like. But it all goes away, and the next drawdown, you have become much calmer.

I always try to explain to newcomers why prices fall and why it is not necessary to sell bitcoins at this time, but only a small percentage of these people listen to me, the rest in a panic sell their coins...

I think that is a very bad idea, clearly knowing that people will destroy their investments in doing such acts. A community like this should be a platform for people to get educated and provide real, unbiased information about cryptocurrencies, technologies involved in them, market treads, current news etc. If one is expecting the downfall of others it is not a good thing, as human beings we should help each other. People who panic sell really don't know about the market and about cryptocurrenceis and should get educated. I believe we should promote the idea of getting educated before investing ones valuable money on these things.

There's always a reason why people dumped their bitcoin whether a newbies or an experienced crypto users. People might be in a difficult situation why they dumped theirs.. Its probably because they're in need of money. Aside from that, thats their decision.
Its no fun at all. Whether they dumped it or not. They're the only one  who gets to decide what to do with their token.

BTC didn't cross the 15 min resistance, meaning the trend is not broken. I am guessing there is going to be a march up. If it did break resistance, I think BTC would have continued to drop until mid 7,500. I had my stop loss set at 8099 and the lowest sell was 8100. I can't believe how lucky I was...
Everybody here is hoping this stepping up to the price of bitcoin. I hope it can recover, many are waiting for the right time to sell their coins

Yes panic sell is where you buy. always buy the dip, if you are new on this crib

It is really a problem for newbies to go for a panic selling given that they have made a mistake. Investing without looking for the possibilities could not be of any good in my opinion to other investors. The drop doesn't give an increase to bitcoin price but volatility and the opportunity for buying coins as others claimed. The result is that bitcoin value will never rise high enough because many would just repeat the same thing over and over again. Buy then panic sell, so the result is bitcoin price go up a bit then goes down back again even before you could ever gain. That is what I think was happening. Bitcoin is really slow crawling back to its previous all time high value. Which i think was way too far from happening in this manner.