In crypto trading, panic sell often occurs when there is a big correction in the crypto market in general, even though before someone enters into trading or shares, they already know that there is a high risk. The best assets in crypto are holding on to Bitcoin and Ethereum. That's my opinion. The important thing is not to be too ambitious about making big profits, prioritize entering at the right time, if there is a correction, don't panic sell. Any investment in the long term will be profitable.
Trading isn't an investment for the long term, you should be taking profits for any trade that becomes victorious because when you keep the trade going on, it can turn from being profitable to you losing hence be very intentional with taking profits at the right time and don't joke with it because it'll help you to become better at trading. There are many people that are yet to figure out how to withdraw from a trade.
Panic trading isn't good for your development as a trader because it'll take out the confidence that you'll need to make some decisions that can either make you money, save you losses or prevent other losses that mightn't be money. You can lose your mind or have some illness because you're always having panics when the market is falling.