People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
And as they panic, they result in one thing and that's into panic selling and don't mind the loss that they've done. It's also because that they're inexperienced and that's why we see them panic.
Only if things don't go according to plan. Most people don't have any plans for crypto at all.
Actually, only those who got in and are new to the market are the ones that don't have a plan. But the experienced ones, we've got plan and we know how to execute it.