People are sell their coins holding because of the upcoming August 1 hardfork issues! Panic is the reason why people are sell even at lose currently before even the events happened. Since you are new in this area now is the best time to buy! You should study the next move after August 1 and you will understand how this market work.
Most likely into dumping stage possible because of this upcoming segwit that will happen in august1. Yes, panic selling happen and I believe when downtrend is the best time to buy. We cannot predict at what price its dip but buy for now for sure we can earn profit in the long term.
Well, if compare the price at now with the price of crypto in 3 months ago, we can see very cheap, special with Altcoin pumped to highest price in first half this year as XRP, DGB, STR, SC .. are altcoin breakdown to lowest price same in April