Also, have you guys taken into consideration that this drop of value that BTC has suffered is not accidental but it might have been created on purpose and there are some people that have made this way a great deal of money? Just an idea. Food for thought.
That is one purpose of people why they use btc. In general when the bitcoin price is equal to $410+ many people conrverts their btc to fiat because of a high rate but normally the reason why the btc price drops to $400 below and getting hard to get through $500 because of a panic that everytime btc reach $420 big dump follows