for example when the hack of bancor happened people saw it on media and from 6700 the prices fell until 6000 in just one night, which is a pure example how people panic and media affect the market.
That is how the market used to. The people in the cryptocurrency market are so vulnerable to the news that are around and we should not complain to those happenings and instead of complaining, we should adjust ourselves and help ourselves to get used to those happenings so we can react earlier than the majority and still make profit.