What to do when panicked? Check this out

[boboking]

Averaging down is one of the oldest strategy in the market. This is one of the reason why seasoned traders usually do not go all in on one stock/coin because they know things could go south. If things went downhill they still have the money to average down.

The problem with newbies is they do not know this strategy or they already have spend all their buying power and will be scared to add more.

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[fulmetal08larz]

There are different reasons why people sell their BTC. To gain profit, you should be able to anticipate and have a good timing in the market - buy low, sell high, equipped with patience and goals with the best strategies applicable to your risk tolerance which can be modified accordingly.

[Edraket31]

Well, before buying and making panic ask yourself first if is it worth to sell your bitcoin now that the price of bitcoin dumps and you don't know what will happen next? Some people are really don't like to take  risk, they are just after the benefit that they can earn but in time of tough time they do panic at all.