I think what you heard might be wrong. If it was so then there would have been a massive dump and the price would have gone way more down that it has gone now. This might be just another temporary correction and we should probably wait another week or two to see whether the market gets stable or not.
If you see the history of BTC you can see that the same pattern repeats again and again. Once the wave has completed another wave starts and the prices starts shooting up. Just wait for the right time.