Why do you panic? Why?
IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.
If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?
If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
I said the same and totally agree with you,But do you know what is the problem? People buy cryptos because they want to earn a lot of money just in a few weeks and they don't trust in blockchain,Only one thing is surprised,why they don't understand that this is a new,revolutionary technology when everyone ,even goverments or welfare funds(UNICEF for example,they create project known as Gamer Chaingers which will help poor kids by using cryptocurrencies) use it for their social,state interests and it have public function too,its unclear and egoistic what they do but its reality,I hope they will have enaugh experience after market recovers...