It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.
While I agree very much, that those rules apply on many assets, people have right to panic, if they have paid real money for nothing. Once again: technology may even be right (Im not saying it is, but leaving possibility open), but it still may be unreasonable use of it. As I wrote in last post: calculate what is the real cost of producing one coin? Multiply electricity and hardware costs of all miners (those who succeed and those who not) and divide it with actual number of coins released... You understand pretty well, its so ridiculous price for blockchain, that it just CAN NOT work in context of currency.