In 2013 everyone invested only as traders but now there are a lot of business and merchants supporting bitcoin even a state (Japan) came to support bitcoin a large part of community is using it as currency for their needs so this time the crash will not occur like in 2013 occurred. This time the price is in real rise and will rise continuously.
The Japanese today have special views on the crypto currency and even their government is taking certain steps in this area.
Yup this is what actually known as realization. The Japanese nation have realized the importance of the bitcoin to its country economy and the role it can play in transforming the life of their people into better. Therefore, they have decided to adopt bitcoins and both the people and government are interested in welfare of each other.
Even this time bitcoin prices finds a down fall as OP speculated, people will not get panic as bitcoin has proved itself for higher prices in long term. Investors will definitely hold only traders may short quickly to prevent more losses, but I am sure many traders will be ready to turn investors in those times.