People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
Only if things don't go according to plan. Most people don't have any plans for crypto at all.
People panic for not knowing what to do because of lack of knowledge. If you're a kind of investor who fill your mind first with knowledge about what you're getting into then it can be prevented. However we are just human who commit mistakes, thus its normal but there's a way to not become someone who often panic if things didnt happen according to planned. It can help if we prepare ourselves for unexpected scenarios plus having plan and strategy, this way we know what to do and panicking wont be the solution.
they didn't prepare any skill or knowledge and mostly like a gambling when investing in crypto market. it is not human nature when they make mistake when be lack of knowledge, but they didnt care about risk that may occur to their investment someday. People be panick mainly they didnt know what actually they do , just put a hope but without any action to realize it.