I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
They threw Bitcoin out of panic as Bitcoin's price declined at the time. Their panic that eventually sells Bitcoin in order not to lose even more. Especially now there are many countries that prohibit the use of Bitcoin and cause the price of Bitcoin decreases. Surely investors will be more frantic again with the growth of Bitcoin. Yes even now the price of Bitcoin has started to improve and hopefully so will be like this.