Well I can't blame them for panicking during price changes because their reaction to price changes is based on their knowledge about bitcoin, most of them haven't experienced any sort of investment that is as volatile as bitcoin, and aside that their government could have inputed a wrong impression about bitcoin on them that bitcoin is bad or have shown no interest in the adoption of bitcoin making them have trust issues when they see price in a bearish movement. All they need is enough knowledge to understand that for price to go up, it means the market is volatile and volatility doesn't affect uptrend only, it also plays around the downtrend but the major movements of bitcoin price has been in an uptrend irrespective of the minor bearish seasons we see along the journey. Sometimes experience is the best teacher because if they finally get to experience a circle then they can see the whole picture of where the major price is heading to, that will help them build confidence in the market.
When I was new to investing, I used to get very excited and if the Bitcoin market was dumping and I had my investment at that time, I would get excited and sometimes I would think that I should sell my investment. But at that time, I tried to convince myself and always thought that I had invested for a long time and I had invested for some good profit from this investment, so if I sell my investment now with excessive volatility due to this temporary change, then I may not get this investment opportunity later. In this way, I have come to this stage of investing by gradually calming my mind and watching the market movement.
Now after investing in Bitcoin, I do not want to watch the market too much because my goal is to keep the investment for a long time and during this long time, I will maintain the continuity of the investment by adopting the DCA strategy.
I know that I will have to face many challenges during this long time, so I am mentally prepared in advance and also financially prepared so that I do not break down mentally and do not face financial danger.
It tends to be better to make sure that you are investing in a sustainable way rather than trying to be too aggressive and then having to sell some of your stash because you were not otherwise making sure that you had funds for your various life expenses.
So after 15-20 years investing, it is better to still be in the game rather than to end up being a no coiner because you screwed up and you were too greedy.