Most peoples panic when bitcoin drop from highest price at $19k and go to $6000. Many FUDers said cryptocurrency market buble burst. Its true that bitcoin price history show that bitcoin still make profits compare 2017 August.
Bitcoin has become the main attraction because prices have soared in 2017, and all bitcoin owners always hope that prices can be that high again. It turned out that after that prices continued to fall, and many bitcoin owners panicked. In my opinion, almost all bitcoin owners take the HODL position while waiting for prices to rise again.