Panic selling and FOMO is the main reason why they lose so much, if they don't want to lose they should have hold for a long time until they get the right price of the market to sell it. And also if they do know how to diversify their investment they shouldn't lost that much. There are times that the market would stay low for a very long period of time and this is what we are experiencing today.
Yes, exactly. I agree on what you have said if you can't control your emotion probably that is the point you have got loose on this. People weak hand were easy to do panic selling even they know that they have already loose they think that it is a right way to have an early cut their losses and it means that you accept already that you are a loser, I am right? Sad to say that there are some people like that and it wont help the entire market.
Unless people learned and stay positive with this market, those who are still deciding to sell while market is in its bear market are really losing their investment, they needed to adjust and think a lot, there's always a rebound from each situations that occur inside the market, you have to stay focus and keep your coins on hold trading is not for you if you allowed yourself keep losing your money inside the exchange.