Those who panic have no long term plan, they have no confidence in Bitcoin. Maybe they had short-term plans, wanted to make huge profits in a short period of time. We know that if you want to make a profit by investing in Bitcoin, you need to plan for the long term. Don't be disappointed, you can't succeed in investing in Bitcoin if you are disappointed. If someone sells bitcoins now, they may regret it in the future. If you want to invest in Bitcoin, you need to be able to hold the investment in any situation. An emergency fund should be kept, not invested more than you can afford to lose. Don't panic, invest in DCA method for long term.
Panic is just a waste of energy in the current market position, just look at the price of Bitcoin a few days ago it was around $75K USD, and many predicted that it would dip even further, but in fact it gradually recovered and now it is at $81K USD. Just imagine what people who panicked yesterday selling their Bitcoin because they were afraid that it would dip even further, but in the end the price went up, they will definitely regret selling it or not trying to buy some to increase their investment. If only they had the conviction to maintain their investment and think more in the long term, maybe they would not have sold the Bitcoin they had so quickly in such market conditions.
And this is why you should never panic when investor see a Bitcoin dump, this type of dump is temporary, and we understand this very well according to the current situation, because even if it is a dump, it has recovered in a very short time, but at this time many thought that Bitcoin might drop below $70K now.
So those who can buy more with a long-term mindset during the dumping can benefit more. Because the market will definitely repeat itself again, which will come back stronger than before. And a real long-term investor understands these very well, and they can make good use of these opportunities, that's why they are the ones who are most successful in the long run.