Every year since the creation of Bitcoin, it has followed a similar seasonal pattern. With the exception of 2013. February and March are rough months, with bottom around the 3rd week of March. April is usually a neutral month, posting slight gains on average. May and June are always skyrocket months, with more growth than even December/January.
The one exception is 2013, where the Silk Road was born in late winter. BTC skyrocketed in February and March. When the FBI took down the Silk Road, May and June were bear months. BTC is too big now to be influenced by one market being destroyed. Three drug markets were taken offline last year and the market didn't even notice. Proving that illicit use has become a minority use case.
So stop panicking and take advantage of BTC cheaper than you'll ever get it for again.
Yeah i don't know why so many peoples dump their bitcoins. That will make bitcoin value worst
and they won't make any profit for panic selling.
bitcoin won't be abandoned by peoples because bitcoin has used by many peoples already.
In the peoples will buy bitcoins more, and the price will increased, and the panic seller will regret.