It's not really "panic" selling in Bitcoin. At times it is. It's basically continuous manipulation by the few strong hands. The price was run up in a frenzy by all of the talk on social media. The sheeple got in. The big boys got rich. Now they have $millions$ in gains with a worldwide audience 24 hours a day, 7 days a week. They can play this game of driving it up in $200 spurts...selling it off in panic...rinse and repeat all the way down to the point where it will get cheap enough for the "true" believers to step in again. Right now the bitcoin crypto moneyrunners are having a party with the little guys that thought they'd be millionaires by Xmas. Follow my updates. I'm tracking the technicals and called the absolute top yesterday...and what will happen next in the blogs I posted. Don't even think about "buying to hold" til at least $1500 imo. I outlined a daytrade strategy that works in one or 2 of my spews. Just try that one time, and if it doesn't work...forget about the cryptos for awhile and get on with your daily routine. You are "trapped" in the hands of a few big market manipulators. Nobody there to oversee what they are doing. And worse yet...some exchanges are so bogged down with skeeerd sheeple that there's nothing you can do anyway. Shoulda never let the banksters and hedge fund into your little club.