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.
Most times I just allow anybody that wants to panic because of market position to have his way. every bitcoin investor must understand that market fluctuation is one of the rituals that you need to go through as the Bitcoin investor, so entertaining panic and selling your Bitcoin simple means the person has a short fuse. The market is made in such way that is allows for dip and pump, today the market value for Bitcoin is $81k, we could wake up tomorrow morning to witness it at $100k, that's how the market is, it's a not static in nature, however the Bitcoin asset alone has an overwhelming ability to grow in value over time, which is why most investors don't give room for panic hence there is a dip.