I have done panic trading before and it does not really do any good. Sometimes destiny really plays you because when I have already have given up holding my coins, it start rocketing in December. Don't panic guys, the is the really the nature of this game. The more you adapt, the longer you will survive.
We cannot blame people for doing panic trading if they saw a lot of selling/buying people will definitely start panicking and do a wrong move that cause losing their money now a day doing trading is like gambling you need luck in any trade but the main instrument you can do to earn profit is to do a technical analysis. Just wait for the announcement of ETF is the propossal approve we can assure a good run for bitcoin.