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.
Yes, that's right.. those who are entering for the first time do not have a proper plan that they can use as a guide in trading. Unfortunately they only invest without knowing the quality of the coins they buy, lack of information and learning to analyze makes it easy for someone to panic when the price drops because they are inexperienced. I also used to feel that way when I was new...it's just a matter of time, experience and keep trying.