Those who panic at the slightest drop in the market are not long-term investors, in the case of Bitcoin investment, it is necessary to maintain your portfolio with a long-term perspective, because Bitcoin is a long-term asset that only brings real success in the long term, so patience and consistency are most important in the case of short-term volatile investments like Bitcoin. Those who invest regularly in the DCA method can definitely achieve good success, because their portfolio continues to accumulate at the average price, so volatility is not a problem for them and it is important to maintain this mentality, a real investor never panics during volatility.
More precisely, those who panic are newcomers or investors new to Bitcoin. If someone has been familiar with Bitcoin for a long time, I'm sure they wouldn't panic, whether they're looking for a long-term investment or a short-term investment to make quick profits.
Regardless of all that, I think those of us who want to invest long-term are actually a little happy if a price correction occurs, allowing us to buy more using the DCA method when the time comes. I think we all share this belief about the future.
To be fair to anyone the panic is not only came for new investors, but also for people that have experience on Bitcoin. There are people who have long term exposure on Bitcoin still doesn't have 100% confident on its greatness that's why we could see that there still lots of people still trading those shitcoin or prefer to buy alts because they think its more profitable for them.
Most of this people don't have good patience that's why they are not sustainable. I see lots of people doing it and suddenly they quit which is totally a bad decision to do. After many years when they see Bitcoin price to raise they regret on why they not buy Bitcoin before.
What's really bad about it is here they are trying to learn back Bitcoin again since they have many things to catch up. That's why before this situation to happen its better for people to stick on Bitcoin since there's good chance that they stay long in the industry and provably that they would succeed more especially if there's another good price rise that will happen on Bitcoin in future.