The issue with this is greediness of people who are new to bitcoin.

Basically I know half a dozen people locally who bought bitcoin at like $19,000 and since it didn't go to $50,000 they sold it at like $13,000 to buy some alts like Ripple or Tron which doubled everyday.

They bought those at the ATH and even lost more money in terms of dollars compared to the bitcoin loss.

Most likely they will complain even more tomorrow and sell their Ripple, and later on sell their Bitcoin and go back to trading stocks.