VAST, vast, -- a limitless extent of flat sand, without a human being in sight; girdled by a stream and dotted with hills; where in the dismal twilight the wind moans at the setting sun. Shrubs gone: grass withered: all chill as the hoar-frost of early morn. The birds of the air fly past: the beasts of the field shun the spot; for it is, as I was informed by the keeper, the site of an old battle-field.
There is only one spelling for panic ; the verb is inflected 'panic, panics, panicked, and panicking’. The form panick is used for progressive tense, past tense and past participle. We don't write panick today, though English speakers from a few hundred years ago might have (in the same way they might have written musick). When the alternate spelling “panick” is used for the past participle: "I panicked last night at the disco." When it’s use for progressive tense: “Invariably, when markets are panicking, they sell the stocks quickly.” It's the rule for root words ending in "c" is that you have to add “k”, so the spelling is related with the pronunciation. If we don't add the <k>, it looks as if the <c> has to be pronounced /s/. If the "k" was not there, “panicing” would look like the word which is supposed to be pronounced as if it is ended in "sing," while “paniced” would be pronounced like “panised”. The same