Yes you're right, Bitcoin market is so volatile anyone can get panicked. It's not that easy when you will see that your portfolio is down by 60/70% , which won't occured in stock market. But in crypto market it's normal. Market can crash within a month 10/20% in a flash.



You can see this chart. If your portfolio is down by 50% you need to gain 100% from that position. Those who is new in crypto space they will certainly get panicked. Although 100% profit in crypto isn't something strange but for a normal person that's a lot.

That's why everone is Telling to DCA , and not to invest which you can't lose. The phycology behind this is the gaining and losing proportion of your portfolio.