The present situation of the market has caused panic into the minds of some crypto enthusiasts. Some have not seen so much dip as this. One thing i know is that, crypto is very volatile. So no matter how much it falls, it will definitely rise back. Just watch out for what will happen in few weeks' time.
I will only urge you to wait and do not sell in panic.
Some people are new to crypto so it's understandable why they would panic. Furthermore there's no promise that the market will rebound other than previous years. I do agree that it's probably best to hold rather than sell in this climate as the probably for losing money is really high.