If you are a strong believer of bitcoin, you won't really be in panic mode. Because you won't sell your stash, but instead hold it while you are waiting for the right opportunity. This is not yet the end of btc life, so very likely that it will still go up in the coming months or years. Worry if you feel that btc is about to disappear. But such situation is very far from happening. Those selling at a loss may have urgent needs so they can't wait anymore or some are in panic mode, which is the common reaction of a lot of crypto users.
I don't know if there are newbies who are a strong believer as I do, maybe they weren't just exposed too much in the market that's why they can easily think of selling instead of holding. I understand if they needed the money but investors should be separated from the money that they want to make some profit.