The question itself is the answer PANIC.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says dont put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says dont put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
I think the right solution to reduce the sense of panic in the face of falling bitcoin prices is to multiply the activities that must be done. with so many activities available, maybe the sense of panic will be slightly eliminated. many activities exist in the world of cryptocurrency, and generate profits. for example by participating in a prize campaign program or creating an article according to an existing project.
panic is something that should be avoided for bitcoin traders. most of those who sell emotionally and sell when prices go down because they panic and fear that they will suffer losses again due to bitcoin prices that they think will decrease. I also agree that for now a good strategy is to resist not to sell.