If people are outsiders, don't have any money in bitcoin, they won't have to panic about Bitcoin market and any news or fuds. They can dislike, hate Bitcoin and even attack Bitcoin and its community but there is no reason to panic.

If they are insiders, already spent money to buy bitcoin, they have many reasons to feel panic. Especially if they lack of enough preparation with research and learning about Bitcoin, its market and market history as well as psychological cycle of the market.

Emotion is short term but in long term it turns to psychology and people who lack of knowledge preparation, even just basics about Bitcoin and the market, will be most vulnerable and sensitive with negative news, fuds and market crashes. They will emotionally take action, and mostly FOMO buy and panic sell.

"What Should Long-Term Investors Do If The Price Of Bitcoin Drops?" - to do nothing.

For a long-term investor, current fluctuations are of no consequence (and have no impact).

They should take some sedatives if they don’t want to lock in their losses.

One piece of advice: stick to your original investment plan (which you should have developed beforehand) and pay no attention to what is currently happening in the market.

That is what some people don't really understand. They think you can lose your funds in Bitcoin just because you invest, you need to sell at a loss before you lose all your funds, but when you invest and keep it, even if the price is deep, you should just try to be patient and continue holding it. One day the price will rise again and you will get back your capital and get more profit on top, because Bitcoin is volatile, you can't always predict the market and get it right.

Whenever you're panicking when the price of Bitcoin drops, your mind will start to shake and make you sell at a loss. That is the reason why knowledge is important first before embarking on your investment journey, and that will make things easier for you and help you hold for a long period of time without judging the outcome.

Does Bitcoin price fluctuation make any investor lose all his Bitcoin? Anyone thinking like this lacks understanding of how these things works, if the quantity of Bitcoin you have in your portfolio depreciates as a result of drop in price, it will go up when the price goes up, the price is not steady and every purchase opportunity should never be overlooked as a long-term Bitcoin investor, there are two things that can cause panic when the market drops, is either the investor was not frequenting his investing with his discreationary income, peehaps he was going above what he can afford, which could cause panic when the price keep going down or the investor is not knowledgeable enough to understand that price correction is something that should be expected at anytime and should serve as an opportunity for investors to buy more at a low price.
They should hodl strong, and keep buying as they can consistently, they can
buy more during the price drops if they have what it takes to do so, because the price of Bitcoin is known to be unstable, it did not start now and for that, I do not think that such should be a hindrance for investor, to continue their Bitcoin acumulation and hodling for a long-term.

If you are a new investor with a long-term mindset towards bitcoin, my advice for you would be to develop a very strong mindset towards your intentions because you will be emotionally tested by situations regarding fluctuations of the value of Bitcoin and you may be tempted to sell. Focus on your goal to be a long-term investor who profits at the end, not just the investor who quits due to pressure.
If you are an old investor that has been investing for a long time, you already know better that the value of bitcoin even though it drops will still go up again, your knowledge of this experience should bring consolation and encouragement in a market drop.

I do not agree, Bitcoin is unstable, the price fluctuates rapidly, but those who invest consistently with a long-term plan and hold Bitcoin with confidence will never be afraid of market volatility. I think your idea is completely wrong.

It is completely normal for the price of Bitcoin to increase and then decrease. Those whose main goal is to buy Bitcoin consistently and hold it for a long time will never be afraid of market volatility. They will basically invest more if the price of Bitcoin decreases, they will not miss the opportunity and will wait for better times in the future.

Those who invest with short-term plan with the goal of getting rich quickly with little knowledge will basically be afraid of market volatility. A long-term investor should not be afraid of market volatility.

You're making this look as though this is actually the first time Bitcoin is experiencing drop in it value, Bitcoin price has never been stable and it is assume that we are all aware of it. i know those that started accumulating bitcoin recently may not get used to the market fluctuation, not that they have not heard about how volatile the price of Bitcoin is of course they knew  but  they may be finding it hard to cope during the dip especially if it is Their first time of experiencing dip.

 but I believe those older investors must have get used to it and they may not panick no matter how dip the price goes. However I can't advice anyone to sell his Bitcoin at this point in time, I think now is time to keep adding more stash to the one we already have because you may sell at loss if you decide to sell at this point in time.

You get it right so perfectly. Long term investors may take years to invest in bitcoin and not sell it after long period of time. When they want to sell, they may only sell the profit or part of the profit. I have read researches before that those selling are not long term investors. Only short term investors are selling most while the long term investors continue to hold. I think the OP supposed to know the answer to his simple question. There is a reason they are called long term investors.

The volatility of the market is what makes it unique, it a feature of the market that we have to live with no matter what conditions we find out selfs.

Investments will always come with risk, panic, fear, emotions but despite all these you should be able to overlook what is at hand and focus on what is ahead. Selling your coins in loss will not save you from losing money as that is the dumest move you can play on your board.

It's better to hold your coins till whenever the market chooses to return to the bull than selling our of panic that it will continue to dump.