The real problem of bitcoin price decline is that more of 50% of cryptocurrency community are most of them ignorant and lazy people , they just follow rumors , they never get news from trusted source , never do research and this what create this panic Sales on the market and this bloody bath that you see right now , they heard about bad news from India so they start selling and never try to understand what was the news and what is really going on , and did this affects on bitcoin or not , I am sick and tired of those kind of people .
If you don't believe in bitcoin just walk away , we don't need you in our community .
I do not think there is a huge problem about bitcoin price drops. People are making a huge fuss about the price drops, its the volatility that we need to worry about. But other than worrying we cannot do anything about that when it is happening in real time.
Going down from 20k to 6k may happen in any other business stocks or what not and it may rebound back however having all of this happen span of couple months is the biggest problem. Bitcoin price dropping is a second problem compared to our biggest problem of %10+ swings daily.