While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers
Yeah these bitcoin holders are what we call the whales. They are the one who plays a big role in the fluctuations of bitcoin. The panickers who are just a normal people might not really affect the price if bitcoin but if collaborated they will have a slight effect in the bitcoin price. So, the best thing we can do is not to panic and continue to hold.