Every day I see more and more people starting to feel hopeless with the current market situation because of uncertainty when prices will recover and end this fall. Even more and more traders are deciding to resign from trading and sell all of their assets but that makes the price even more falling.
Experienced traders knew what to do when this kind of situation happen because they have already experienced different kinds of market situations. Newbie traders which are still learning the art of teading cryptocurrebcies are the one that are susceptible to panic selling when market price crashing down. Panic selling contributes further to the price downfall in the market but I believe in its ability to recover from any kinds of market price fall.
The current situation of crypto market is worst and traders panic is natural because they are not making any profit for several months. They are just wasting their time and money. In this situation if they feel panic, it is normal because if they are not losing their investment and just holding, nevertheless they are not making any profit. There is no trading in the market these days.