This is the most important part of trading or holding. This mostly happens with people who have been in crypto for a few months to a year. But if someone is well experienced and they are familiar with the market situation, they make this mistake way less compared to the newbies. I said less because veteran crypto users do panic as well.
I have been in crypto for a couple of years now. Yet, when the market moves a lot, I get panicked as well. I believe a lot of people panicked when they saw Bitcoin drop below 80K and alts were bleeding.
Does it matter how long you've been in the market, years of experience does spots on some bright sectors on the market I guess? We've nothing to settled about when it comes to our execute trades, we developed some guts to be able to place trades, based on our statistical findings in the market.
FUD (Fear, Uncertainty and Doubts) have been the hurdling factors in the market for decades. There have never been a situation where we don't get to watch the market making movements against our plans and expectations, what do we do in such situations? Fold our hands and watch the market crumbled our very portfolio to our face? Ofcourse there's never been a situation where we can fully focused on the market without developing doubts.