During a panic, people lose a lot ... Not only materially. They lose their common sense.
I am deeply convinced that during world and global crises there are a huge number of people who become truly rich and do revolutionary things, which they then use all over the world. Do not panic friends! We can do little, but the last thing we must do is panic.
It's a domino effect why markets are losing money. It's not just about panic but it's a good strategy to pull out. Imagine all of the investors going to think with this crisis, They are gonna think that because of the crisis, lot of people are gonna pull out there money. That's what's happening right now why markets are dumping and losing money, people are pulling out their investment thinking that the other's will gonna do that too. Honestly, it's a good strategy so you will not be a bag holder and lose money. It's not panic, it's a strategy.
As your country is affected by the virus, expect that your economy will also be affected and can cause crash. As well as the use of crypto is also affected because of many factors that are also related to the market. The stock market is really affected because business will be closed that results to another downfall in its investment. Pulling investment is one of the possible solution that you can think of so that losing money will not happen to you and also you can hold you money and use it for more necessary things. Economic problems will really occur during times like this, panic brought a lot of failure and damage to the market because they are too anxious about their money, which is not the right thing to handle this financial oppositions.