No, I dont think there is a need to panic. Lets look at it from another view, Bitcoin experience such price dips several times. But Bitcoin come back stronger every time. So, I think we should buy those cheap coins atm.
I agree. People tend to make the same mistake many times: mistake a dip for a dump or failure of a coin. We need to support the market we invested in and not panic.
time to panic in sales it's time to look for the entry point to the market to get the maximum profit. only the main thing is not in a hurry, because panic makes big moves to the bottom.