Alternatively, alt investors should also have other related investments outside the cryptocurrency market, so as to diversify their focus and panic attacks, this helps a vivid practice of your suggestions. What push most people to sell before hand is the reliance on their investment to fetch a quick profits. Which is never the right way to follow any kind of cryptocurrency possession.
You make a lot of point here. Panic selling is as a result of the holders depending solely on that source to be their only income for expenses which is never like that in the crypto space. Altcoins are the ones that give such quick profit but because of the volatility nature of it also and how it may take more time to fetch you profit depending on the project or may never fetch you profit will determine more how a newbie investor will panic to sell. Almost all social media handles have a similar mechanism of portraying news to panic sell to newbie investors, it is better to confirm news that may tend you to make some quick decisions to your holdings so that you don’t miss out on the big ride.