Please don't pay attention to nobs who panic when they should be excited that the market offer them opportunity to buy more Bitcoin at discounted price. Who doesn't know that the price of Bitcoin does not continue in one direction forever?
Some people don’t know about the volatile nature of bitcoin before investing in bitcoin, and some people know about it, but they do ignore it. We know bitcoin is volatile, so we don’t just expect the price to go in one direction alone, we should expect up and down from bitcoin. When the price is high, people will say positive things about bitcoin, but when the price is down, they will say negative things about bitcoin thats going to make newbies panic and sell off.
For long term investors, the present market behavior is a welcomed one which is used to collect more Bitcoin and consolidate on their Bitcoin holding. It is never a time to fear or panic because they are not interesting in selling soon. It is therefore, more peaceful to think long term.
I don’t even think long term investors will be checking the market frequently, since their intention is to hold for a long term, frequent up and down happening in the market won’t really affect them in any way, because they already know it’s normal, and in the long run, they going to be making money.