Look at the charts from the start and you'll see that we're still at an uptrend compared to most of last year.
People always look at the short term charts. Main point of importance is that the recent noobs complaining about the current price have bought near peak levels, and have constantly seen the price go down, which pretty much explains why they don't care about what happened in the past. The only market they care about is the one after they entered, and for them, even though if you don't sell you don't lose anything, it feels like a major loss. I figured that out after thinking through why noobs don't care about what the market did in the past, and this is what I consider to be the main reason. It makes sense as well if you think logically....