People lacks patience and big whales are taking advantage of it by buying at lower price and selling it high, and if you are treating bitcoin as a investment then you should wait for certain period of time to expect good returns from it.
I think we should have long term view of the bitcoin. If we hold it for 10-20 years, the return will be high.
I think people are confused to wait for prices to go back down or bought at the current price it happened because there was no sign of going up or down bitcoin is very difficult to predict.
so that's why it often happens one buy or sell one. resulting in losses