Exactly a year ago, Bitcoin is only valued at around $4,100. From this fact alone, we can conclude that we have not really went down too low. On the overall, the price is still around $2,000 more today as compared to the same day last year. In fact, in the next three days after reaching $4,100, it even went $1,000 lower, reaching around $3,100.
Therefore, we are still gaining. I don't understand why people are in panic mode when we are definitely higher than the price a year ago.
Probably because no one pays attention to the price a year ago. Many people invested in bitcoin when it cost 10k 15k and 20k dollars. And now they are in shock.
They are expecting the price to go more than $20k this 2018 but it dip so there will be panic particularly to those investors who got in when the price was higher. If I have invested while the price was $20, I probably would have been panicking before the price dip to save the investment and then buy back at its very low.