if someone has been familiar with Bitcoin for a long time and knows about the price of Bitcoin, I don't think anyone would panic sell Bitcoin just for fear of the price going down to 0.
from year to year Bitcoin has always been able to recover and rise to its highest price even though it had been in a bearish trend for some time such as throughout 2018 to 2020.
I see when the market price is going down there is some media reporting negative things about Bitcoin but I don't think it will be affected by Bitcoin panic selling, as has been said that the things that encourage people to sell Bitcoin are because they need it. immediate money or those who have benefited.
Yes, that can be the only reason why people sell because they will use the money onto something where they can get much benefit or to something that is really important than holding their bitcoins. It is not panic sell but just a normal sell off so do not get paranoid OP.
There is no need to rush here because bitcoin wont run from us and no one is going to get scammed here. Panicking is only best to do if you have invested in shitcoins or pump and dump coins because you need to act fast to be able to not get scammed by them but that is still not advisable to do. If there is something that is good to buy now , then that will be bitcoin.