This is what often happens in the cryptocurrency market.
Sometimes you just see the price of the entire market going dip as a result of statement made by one influential person. Such persons are agents of FUD and yet you continue to reverend them because of their past or current achievements. They scare you to sell cheap to them, and later, they reverse their statement through someone else probably their cohorts, then the prices start to skyrocket again, then you start playing catch up to buy again even at prices far above what you sold to them. And the process goes on, starts all over again.
My friend! wise up and stop allowing someone to switch you off and on. You are not a toy robot.
Learn to stand your ground amid such manipulations or low market prices.
Hey I'll agree this is quiet rampant especially in the case of newbies, who start selling as soon as they hear fud news. I have personally experienced with some people who were new to cryptos, but they sold at a loss when they read fud news. The problem I associate is people do not understand that Bitcoins is for long term, and not short term. There is one simple rule if you invest in bitcoins, ignore all fud and all short term volatility.