one reason why people panic when bearish is because they aren't sure they can profit or at least recover losses on the coins they buy, that's where their panic starts. if every investor was sure of the coin they buy, convinced that in the long run the price would rise, there would be no more panic when bearish
Exactly. This sort of behavior is mostly linked to newcomers into cryptocurrency, since they're unaware of how everything truly works in this space. Their emotions are quickly triggered when crypto prices start to rise at unprecedented levels. Given their inexperience in the market, newcomers buy high and sell low. Which means, that a bear market will cause them stress as they got in when prices were in their ATHs.
For us veterans in the crypto space, it's a different situation. We know when to buy more crypto, and when to sell some of it. A bear market should be more of a delight to crypto enthusiasts, than a "stressful" moment as it gives us the opportunity to acquire coins at the cheapest price possible. It could take days, months, or even years for the next bull market to take effect. But, once everything starts to rise again, you could profit in many ways.
Hence, the smart money is at the bear market while prices are still considerably low. Once this is over, there will be FOMO across the market causing a positive uptick in price. Which means, that you should save your crypto for the next "craze" on the market. Just my thoughts
