Wait, who's panicking? The usual clickbaity articles all over the internet? Lol. The entire market is in the red, so it's not like it's solely Bitcoin's problem. Everything will bounce back like they always do. It's currently speculated that the hashrate slide caused this, and if it's true, then it's completely a non-issue; it was from a knee-jerk reaction from Chinese miners.
Since bitcoin becomes popular many people have been tried to enter this world and since they are new they don't have enough knowledge how does it work really is. They starting to panic because I am pretty sure that their investment isn't going well but that is just alright, we all came in that situation before we panic and we loss but we should not startled with but rather take it as a lesson. Bitcoin will bounce back and everythings will gonna be alright so all we need to do it put some patience on it once more and this will be granted.