at least by doing HODL, the price is not so low when compared to people who panic sell
just imagine if everyone is doing HODL, then market demand might rise and cause prices to increase, because circulation is reduced by the number of HODLERS,
whereas if panic sells, everyone will wait for people to panic to buy BTC at the cheapest price
Yes. Much better to play safe rather than doing panic selling in bitcoin. It is better than doing stupid things.