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.
merchant panic may be caused by thinning capital and no income. or it could be that traders' unpreparedness faces heavy losses. but this is something that usually happens in every trade, because there is a profit there is also a loss. the best solution is to get out of the trade and wait for the price to start normally. never give up if you want profits. always looking for the right opportunity to enter.
Basically if a person panic he had no other resources that will make his/her funds grow, that's why they tend to sell even though they've lost including the capital of their investments. That's normal to happen on those cases on new traders who haven't choose a good crypto to invest. They're more prone to become panic by the time price will go into dip, but once their development of knowledge will explore the learnings will come and eventually they will face all grudges which may happen.