it is really funny for people to always think that it is only or mostly newbies that panic over market correction this is a very wrong mindset.Any investor with low risk tolerance will definitely panic and option for sale when ever there is a correction in the price of bitcoin whether newbie or not so I believe it is wrong to think that it is only newbies that panic over market correction.Those who has been fucking around trading bitcoin with the intense of making quick profit,that is short term investors they do panic when ever there is downtrend and as such most time sale at loss.
I guess it has become a norm when someone panics, we always tell them that they're noobs or newbies. But you are right that panicking isn't only happening with them. Even to the ones that have been in the market for so long, they cannot skip being in panic mode.
There is a way to reduce the tension whenever the market isn't on the road that we want to see and that's by simply sticking to the strategies that we've been around.
DCA and not being moved if decided to hold for long term.
Those that have been trading BTC <-> alts, it's a mistake. They're losing their Bitcoin but if they can simply use fiat <-> BTC/alt then that's much better.
If they have some BTC holdings, they shouldn't touch it and hold it firmly. Or it's best to just HODL and DCA, nothing beats that. Everyone is in favor with that strategy.