In my opinion, there is only one formula in investing. Many people fail in investing not because they don't study the bitcoin they want to buy, but they don't study themselves. first understand yourself can control emotions and others then invest.
Looking at the red market the way it is right now I think it's a good time to buy bitcoins, in other words in a business venture is the price of bitcoins is now at a discount if they save for the future.
emotions affect everything, when emotions are unstable or cannot be controlled, the analysis that is done or the strategy that has been made will not work properly. Everything will fall apart because of uncontrollable emotions. Too panic will only fail everything that has been arranged from the beginning. If emotional management and money management have been done then there is no reason to panic when the bitcoin price crashes.