Well, no need to panic that’s why we have this slogan “Do Your Own Research (DYOR)” and this simply means that, regardless of the means through which you get a crypto related news, you should do your own proper research and not act according to or based on the news you got because at the end of the day, you’re solely responsible for whatever actions you take.
On this note, doing your own research keeps your forearm and mind you, everyone and anyone can predict the market based on what they think and that’s why you shouldn’t rely on just what you were told.
There is actually no need to panic on any news related to Bitcoin price, we have seen a lot of news that do drop Bitcoin price and after sometime, the Price of Bitcoin do bounce back and even surge above the price it was before the ad news.
I think people that have the intention of making quick profit from their Bitcoin investment are the ones panicking because they have target quick profit, therefore, instead of them to allow the price dump below the amount they bought the coin, they will rather sell the Bitcoin in their position to be safe in their opinion, not knowing that if they use DCA method to be buying at anytime will give them more profit and will help them accumulate more Bitcoin in their portfolios.
Doing extra research is very important, but you know our country people, we too like shortcut brother; we go just they look for quick money and we no fit wait for that long time before we go cashout especially because of peer pressure, na whysome of new Bitcoin investors in Nigeria they only buy if the price they low and sell once they get small profit, and some of them self don migrate go altcoin and some shitcoins were them go get quick money.