People panic for something they fear about its unknown future.
I do agree that if you have no reason to sell, why sell it at a loss?
Better wait for it to go back to its $0.9-1.0 price range, and maybe sell if you are too worried about this market.
For me, there's nothing to panic about because if you can see the volume, it is still one of the largest in the markets.
So they won't be exiting anytime soon. Better wait for it to recover, sell and get out if you don't want a headache.
There are some countries that could arrest you for blasphemy against crypto, I have been reading countless times but still can’t wrap my hand around what you are saying. There are over hundreds Benefits of crypto.
By using Bitcoins, users will be contributing to the network and therefore sharing the burden of authorizing transactions, sharing this work greatly reduces transaction cost and thus makes transaction cost negligible. Bitcoins lightens fast transactions, gives you privacy, decentralization, Bitcoins has high return potential and volatility, no government regulations and so forth.