Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
Inevitably those people with a real passion for bitcoin are likely to have been the early adopters and many now who discover bitcoin are merely doing so because the several reports of new all time highs, however it does not mean that they cannot one day grow to have the same level of knowledge and passion for cryptos.