it is an obvious disappointment for those people who had sold their bitcoin with a lower rate.the sudden fluctuation in its value is very hard for people to understand.they get panicked by its effects.May be the answer to the question to a major population would be a yes
I guess it is time for people to realize that they should at least learn technical analysis because it is a big help to determine when you should buy or sell. You may not be right all the time when it comes to basing your buy or sell decision in technical analysis but it's better than a wild guess, right? If you are not willing to learn it then invest your funds regularly so that the volatility of the coins would not affect the price that much. Averaging down is good when it comes to investment and when you are down like this, you don't have a choice but to hold it.