Those who panic and sold there bitcoin early properly lack the understanding of bitcoin and it's characteristics, some sell when the price low thinking it may go more dip some also sell when the price is high to make little profit and hoping to buy back when the price drop i still classified these two as traders/gamblers because they lack the patient to accumulate and hodl bitcoin for long.
Fear is the end of any investment.
Proper and appropriate knowledge gets rid of fear and uncertainty, especially if we are talking about BTC..
Fear will only be the end of any investment if the investor allows the fear to get over him or her, there is no investor in this world that doesn't have an atom of fear in them and this fear is always that, nothing should go wrong in there investment till they have achieved their goal but even with this feeling they don't allow it to control them rather they control the feeling because they have a target and the reason why some people sell there Bitcoin is because of fear, whenever there is dip they will begin to feel something is going to go wrong not knowing is one of the characteristics of Bitcoin which doesn't start today.
In the case of long-term investment, strong psychological preparation is required, especially if it is a long-term investment. Fear and emotion affect the decisions of investors and have a negative impact. Instead of fear, reality and research-based issues should be given importance. You should have the ability to take your own risk before investing and remain steadfast in your goals. An unstable and fearful attitude destroys long-term growth. It must be accepted that the price of Bitcoin will fall and rise here. If the price falls, you cannot panic and sell your portfolio, which will further damage your finances. If you have a long-term investment mindset, it is important to have your own financial fund so that the situation can be handled from there if the price falls. Therefore, instead of fear, you should handle the market situation with patience.