those who sold there bitcoin in panic due to the dip was never investing in bitcoin for long time, rather there focus was on short term to make quick money, because if they where investing in bitcoin for long term I don't see why they we panic and sell of their bitcoin's, a real investors who is investing in bitcoin for long term will never panic when bitcoin dip, because it is something he or she is use to, bitcoin dumpling and pumping is a normal thing in the market, which anyone that investing in bitcoin for long term is suppose to be aware of before now.
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.
We can't entirely say that those who panic don't have long term plans with their Bitcoin investment, they simply lack the basic knowledge as an investor knowing the ups and downs with the market builds some level of confidence in us and being able to withstand any form of market crisis such like the recent bitcoin sliding down from 90k to around 71k+, for smart investors that was a big discount price to buy more bitcoin and wait for recovery and profits.
Only those who lack the basic knowledge of the market become victims of any market situation such as this one because the bitcoin market is a chain, one investor must be willing to sell before the buy order gets filled so weak hands panic and sell off at a loss whenever there is a market dip.