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.
If Bitcoin is volatile, a prudent investor cannot keep his emotions at a volatile level. Those who cannot handle the greed for temporary gains are not capable of holding Bitcoin for the long term. In the last 24 hours, the price of each Bitcoin rose from 78k to about 83k. If some investors had bought and invested in a short period of time, they could have made some profit for the short term, but if it had fallen further, would they have sold? Of course, they would have planned to hold at that time and if they had sold, they would have suffered losses. I think long-term investment is the only solution for investors to get out of such a situation. If an investor cannot control the greed for temporary gains, he will never be able to make long-term profits. Long-term investors do not necessarily mean that an investor will benefit. Bitcoin does not guarantee profits, but for those who are able to hold on for the long term, the risk is much lower and the potential for large profits is much higher.