What often makes many people lose money in crypto is not just panic, but when they feel the profits are still lacking and always lacking. For example, when Bitcoin goes up 5%, instead of selling, they keep waiting and even buy additional Bitcoin. In fact, by selling, the profits obtained are very good. Don't let greed make you lose in the end. So, when you get news that Bitcoin is going up and your investment is already profitable, don't hesitate to take advantage.
That's all relative. If you are a massive hedge fund and put 2 billion USD on the line, you might argue that a 5% increase in Bitcoin's price equaling 100 million USD is already very good profit, but for someone who is playing around with maybe double digit numbers like 50 USD or maybe even 500 USD, 5% is nothing in most places of the world. That's the reality. Getting out at 5% + only because you need to buy yourself a bread is bad anyway. You shouldn't be playing around in crypto markets then.