I don't know with any degree of certainty where the notion of Captain Smith "not being there" during the sinking came from—I'm sure someone on here does—but I'm sure his portrayal in Cameron's movie didn't help.

I agree that Smith gets a lot of unjustified armchair-quarterback criticism from people who know virtually nothing of the sinking. So does Bruce Ismay. I've gotten tangled in more than one online argument (on non–ocean liner sites) with people unfamiliar with the entire story who simply dismiss Smith and/or Ismay as incompetent, cowardly, etc. It never fails to make my blood boil.

Ismay had the misfortune to make and enemy of a newspaper man who could make sure that he would (And did!) regret surviving.

Titanic struck a North Atlantic iceberg at 11:40 PM in the evening of 14 April 1912 at a speed of 20.5 knots (23.6 MPH). The berg scraped along the starboard or right side of the hull below the waterline, slicing open the hull between five of the adjacent watertight compartments.

https://www.youtube.com/watch?v=bYOn3-PhA9c

On the night of the disaster, Captain Smith assumed that an iceberg would be discovered in time so that it could still be avoided. The decisive factor for him was that the night in question was clear and cloudless. It was generally believed at the time that on clear, albeit dark, nights one could see an iceberg within one to three nautical miles

According to surviving Second Officer Charles Lightoller, he and Smith believed an iceberg was visible at three to four nautical miles. Smith had said that at the slightest sign of haze, the ship should proceed very slowly.

The damage caused by the collision allowed water to flood six of the sixteen major watertight compartments. As water rushed into the starboard side of the ship's bow, the ship began to tilt down in front and slightly to the right.

Flooding progressed until the bow of the ship was under water and the stern was lifted almost 45 degrees. Because of the tremendous weight of the three large propellers in the stern of the ship, the stresses in the ship's midsection increased immensely.

The bow, dangling beneath, continued to fill with water. At 2:18, when the bow reached a weight of about 16,000 tons, it ripped loose from the stern. Free from the weight of the bow, the stern rose again sharply to an almost vertical position.

Slowly filling with water, the stern began to sink into the water. At 2:20, the stern slid beneath the surface. Meanwhile, the bow had been coasting down at about 13 miles per hour (mph).

At 2:29, the bow struck the bottom of the ocean. Falling nearly vertical at about 4 mph, the stern crashed into the ocean floor 27 minutes later.

Masabumi Hosono survived the Titanic, but not the public's scorn.

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Two articles for JA606 on T112

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https://www.ja606.co.uk/articles/viewArticle/461548

1912 – The British passenger liner RMS Titanic sinks in the North Atlantic at 2:20 a.m., two hours and forty minutes after hitting an iceberg. Only 710 of 2,224 passengers and crew on board survive.

Masabumi Hosono survived the Titanic, but not the public's scorn.

Charles Lightoller pointed out the inquiry's conflict of interest: "A washing of dirty linen would help no one. The Board of Trade had passed that ship as in all respects fit for the sea ... Now the Board of Trade was holding an inquiry into the loss of that ship – hence the whitewash brush."

Nearly 100 witnesses testified, answering more than 25,000 questions. The questioning resulted in a report that contained a detailed description of the ship, an account of the ship's journey, a description of the damage caused by the iceberg, and an account of the evacuation and rescue.

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After its sinking, the Titanic captivated and intrigued many across the globe, eventually leading to expeditions to find the wreck, media adaptations and much more.

The wreck of the Titanic is in the Atlantic Ocean approximately 370 nautical miles off the coast of Newfoundland.
There are two main pieces to the wreck: the bow and the stern. The bow is the largest and most intact part of the Titanic. The stern, however, is near ruined.