Market panic is inevitable, and many people will panic because the price will drop and lose money.
When the crypto market is well understood and has more comprehensive knowledge and experience, the fear can be better controlled. An experienced investor or trader who believes that the cryptocurrency will continue to rise one day and be able to make huge profits.
If they can stay calm when the market is down, they won't rush to sell their coins and can even buy more coins for a larger amount. We have to realize this as well as possible because, with a declining market position, we are still allowed to get more coins. A wise investor or trader can control their emotions when the market is undergoing a correction and will not panic because it is useless to them. We also have to avoid panic because otherwise, we will miss a good opportunity to increase the number of coins.
Panic will cause us to lose focus on everything because what we think about is the amount of loss that will be received. That is why panic is a big enemy for an investor or trader. If you can't control it, then be prepared to do something you really don't want to do, and you will wake up after doing it.
Even so, we cannot blame people who have a high level of panic, because we know what their psychological state is like when they see market conditions that are experiencing very deep corrections.