Let people panic. If they don't understand how this market works, they will have to pay for their ignorance/stupidity. In some cases history doesn't necessarily grants you precious information, but in this case it does. These type of dumps are the start of a market that will soon be ready to push through another all time high. As long as the price is going up, people talk about the long term where they expect the price to reach $50-$100k, but when the market tanks, all these long term thoughts are gone like they never even existed. Some times I am embarrassed to see how even legendary members act like complete noobs....