I don't understand why people are whining about bitcoin being ''dead'' and posting it everywhere. It has been going on since bitcoin started , the fluctuations will keep coming. That doesn't make it ''dead'' or anything else. It has its ups and downs, but it is seeing good days soon.
I think it's a reflection of human psychology in general. People go insane for enormous rises. They fall into despair at the falls. When you throw in the suspicion that many involved in BTC have never been involved in markets before that makes for a very emotional cocktail.