This drop in the price are based on confusion between Bitcoin and Bitcoin Cash.

The average Crypto currency speculator does not understand the technical difference between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin
The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.
The fork and the war is applicable to
Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!
People are not selling bitcoin mate, the people who are fighting over whose bitcoin cash will survive is the ones thats actually selling the bitcoins to cover the expense of a war. War is not won by soldiers and neither it will be won by being right, it is won by money. Whover spends the most money on this war for bitcoin cash will win the outcome of the fork.
As long as both sides keep spending money to try and beat each other there will never be a safe zone for any of us, we will be the ones who lose because in the end if one side wins they will be rich as hell and the other side will lose and have nothing to show for but still be rich businessman for life. They have nothing to lose, what is the difference for them to have a billion dollars or half a billion dollars, they are still capable of living however they want. It will be us that lose our life savings along the way.