Are you fuck*ng kidding me?
I started getting into Bitcoin when it was like $750 bucks, it crashed all the way down to $150 coming from the peak of $1200 ish on MtGox... everyone was saying it was dead, but the more I read about Bitcoin, the more it became OBVIOUS to me that Bitcoin was extremely cheap at $1200, and obviously at $150, when all the idiots were claiming it was dead. Now we are once again experiencing exactly the same situation. Bitcoin's technology keeps evolving, everything keeps getting better, but all the noobs get distracted by fake news, fork this fork that... sad to see, but this gives us smart money the possibility to accumulate more before floor becomes 6 figures.
Anyone not accumulating Bitcoin under 5 figures a coin is completely insane. We will revisit this thread in 2020 for some perspective and time will put once again everyone where they belong.
I'm new to all this so to me the reason is those that bought bitcoin did it because of the hype in the media and now the price is decreasing and we see mostly bashing and FUD so those who bought and have no previous experience with bitcoin or any other investment did it without really understanding what they were doing and are in panic and doing what they are told so they sold their bitcoin.