Panicking are mostly associated to those who approaches Bitcoin investment in terms of seeing it as a quick and get rich scheme for short term profit maximization within the shortest time frame, anyone thinking about Bitcoin investment should have long term perspective hence there wouldn't be any need for panicking because you are not yet ready to sell but to keep increasing and holding and that's is the best approach because it values can appreciate over time resulting compounded value of the assets over the long term. However, anyone investing from his or her discretionary income is not meant to panic because it is assumed that the basic needs are already taken care of.
For me it is okay to invest in bitcoin in a long term or short term strategy but people should start it based on the right knowledge so that there is no panic when the price starts to fall. In some capacity we will make a percentage for investing in bitcoin and usually a small percentage will be played to generate profits in the short term and the rest will be saved in the long term for the investment process that is being carried out.
Panic is half the failure and if people are unable to avoid it then the potential for loss is very high. If the price goes down then what needs to be done is to wait because bitcoin always gets a moment of recovery that will occur so that the price will strengthen again as usual.