We hold for some reason but we sell also for another reason as well. We can't just hold it all the time, sometimes we need to sell to open another big opportunity. If we think that those who are selling right now are in a panic, I'd never think about it because they might be selling them as market diversification. When it comes to business and if you are aiming to earn every day, holding isn't really a good idea but we did this as we are in the crypto market. That is why I would say that crypto investment can't be considered as main source of income.
If you are really that eager on making profits as much as possible without the need of holding your assets or coins for long term then you would be mainly thinking about on selling out on peak
and buying when its dipping then you would definitely be going into that active sell and buy basing up on the market condition. Why everyone is panicking?
Only newbies do panic but there are some veteran ones who do able to do so due to some circumstances which we didnt really expect.
This market is unpredictable and there's no way you could able to know on what would gonna happen ahead.
There are situations where we have to buy and where we have to sell. Buying when the price is low and selling when the price is high, that's what we always do in this market. What makes us say that people panic is that they sell because they see a falling market movement and it's not uncommon for them to sell at a loss. If we talk about profits here, then it won't be profitable every time except for people who are patient to hold on. For people who have been in this space for a long time, there should be no reason to panic, as they have experienced bear market events like this many times.