Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are desperate to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.
If you don't have any idea following fomos will surely lead you losing your money.
Before you jump into conclusion best to practice performing your research,
the deeper you understand the market the best chance that you will
find the best timing for your investment, like with your perception it's only
good to ride when the market is hyping and you know when to sell
before things went to correction or complete dump session, you will get
something decent if you made it the right way.