I think a lot of people panic because they invest too much money (compared to what they have), in fact they put additional pressure on themselves (we can never repeat it enough, we should only invest what we are prepared to lose). Unfortunately some people attracted by quick profit invest too much.
And usually when we panic we make the wrong decisions, it's not great.

I prefer to see the crypto as a game, I hope to win but if I lose it is not too serious  (I didn't invest much at first)