Panic comes as a result of uncertainty in the market, and this mostly affect people that are new into the space and hence doesn't understand how Bitcoin works, Bitcoin has been in this kind of Bear market before for at least more than 3 times in its history and historically has bounced back regardless of how dip it reached, and this is a likely case scenario once again for Bitcoin,
the only difference now is the fact that there's a lot going on in the world right now, wars, money and price inflation, interest rate hyke, basically Fed trying to roll off its balance sheet which in the past, they have been printing money.
Beginners do not understand if crypto has been in this kind of condition or not , what they are after is to be rich from cryptocurrency. When they notice that the market is not what they expect they becomes panic. But as for those who made up their mind to hodl bitcoin, even if bitcoin goes dip they are not worried because they know the market will bull back. the only difference now is the fact that there's a lot going on in the world right now, wars, money and price inflation, interest rate hyke, basically Fed trying to roll off its balance sheet which in the past, they have been printing money.
in a down condition sometimes it makes panic but we have to control it,
that's true because basically the market will go back up even though we don't know when it will happen
