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RE: Short Term Panic - Don't forget to look at the big picture - The STEEM will rise
You're a very wise dude!
Seriously though, are that many people actually worried? The market rises, the market falls, we're all along for the ride. If someone is seriously worried then they probably have invested more than they're comfortable with.
The thing is... the price of something doesn't often reflect the value... it only reflects what someone is willing to pay at that exact moment. Nothing more.
I may be wise one day... I still have a lot of learning to do ;)
Well... I was new (and still am relativley) once, and sold at the slightest sign of a correction, only to wake up a week later to the price having doubled. I'm sure there are many, many more like me out there unfortunately.
Price is the perceived monetary value, at which someone is willing to buy or sell at, and not necessarily the other value that something has.