There is a certain value that come from both investing into bitcoin and also continuing to study bitcoin, without presuming that we know more than we know.
So any of us could end up becoming arrogant in regards to bitcoin, and we might end up losing our own focus in regards to how to build our bitcoin investment and to be able to continue to hold it and/or maintain it without causing ourselves to go crazy by the ongoing (and likely inevitable) volatility in the short-to-medium term. Volatility on the way up and on the way down can have stressful repercussions and some kind of a need for a plan in regards to how to deal with some of the extremes that should already be somewhat expected even though the extremes can frequently feel like they are exceeding expectations... so in that regard some needs to prepare financially and psychologically for happenings beyond expectations.
One thing I've learned in my short period of bitcoin investment is that dips and downward volatility causes higher panic when you don't investment with discretion. Also, buying by DCA also eases the stress of downward volatility since an investor seizes every dip to buy and has little or no time to think about the previous one bought at higher prices. In my own opinion, what greatly cause panic among Investors is when they invest more than they can afford, like investing what they can't do away with, but when you invest only what you can do away with, and you are holding for a very long time, you will always be calm regardless of the market condition because you know that no matter what happens to the value of Bitcoin, it can always recover and rallies back on the longer run and even to a more better height, so as we are investing in Bitcoin, the best way to go about it is to invest only what we can do away without for a very long time.
Investing what one can not afford to let go is also a reason why people panic but the main reason why they panic is because of the intention they have concerning there investment they may not made it open or clear to people that they are actually investing for short term ( trading) and so when they invest and see the Dip, the intention they have inside will bring up fear and the fear now is what generate panic because anyone who is investing in Bitcoin for a long term shouldn't be worried about the market ups and downs because it is a normal thing and on the other hand investing with what you can not afford to let go means ignorance but like I said people with the intention to sell quick are the people who actually do this kind of shit because they believe they will make huge profit immediately after investing with big amount of money.