I think most of the dumb money that does the majority of the panic selling has already exited the market. Most of the folks left have some understanding for trading I think.
the main problem/situation is that for someone to make money, others have to lose them. and since the market is a lot manipulated, the panic sell is never a good choice for my opinion. as those who do not understand enough, will see the candles grow green again, they will come back in again