I've always wanted to buy Bitcoins but found that buying them was too difficult before. Things have eased up now and there are lots of ways of buying them. But with the recent crash lots of people are talking about everyone selling them. But I don't really get this. If the price has crashed wouldn't people be buying now to benefit from the lower exchange rate? Why sell when the price has already fallen? Are they afraid of further crashes or have they lost faith in Bitcoins altogether? With the verification process taking too long the price has already grown substantially meaning I will get a lot less coins than I would about a week ago.

Anyway, is my decision to buy now a bad one? Are there other factors I should be aware of that I haven't taken into consideration?