How do panic selling affects the market and why does it affects the coins value?
Every investor who invests some of their money into cryptocurrency and when they see the price of the coins they invest continues to fall there they will begin to
lose hope, and selling panic is a reaction experienced by investors when reading bad news about the coins they have and deciding to sell coins that is.
If they lose hope regardless of unchanged fundamentals, they were gambling in the first place. And gambling extremely poorly, I might add.