How do panic selling affects the market and why does it affects the coins value?
most of them are panicked because they are afraid of their assets increasing their losses even more, they sell to minimize their losses in invest which is a decrease in prices, and that will only worsen coin prices. So if many who sell coin prices will go down and if many who buy coin prices will increase
Panic selling makes the price of a coin drop; the more people sell their coins suddenly, the lower the price of these coins falls. Basing on my observations in most cases people, who sell coins in panic, buy crypto and expect quick returns.
For hodlers the situation with panic selling is nice. They can buy coins at low price, hodl and get big returns in year or more.