We see it every time Bitcoin goes to a new lower level.
Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
Everytime - yep it is not the first time when the Bitcoin bubble burst - are people that are surprised that price go down so much.
If someone is saying that it is the end of price drops, is wrong. It is free, high risked market and here can happen everything, so nobody shoud be surprised. Prices can not rise forever also can not fall forever. Next bubble will come, we just have to wait for the moment when people forget about loses and will come more fresh money on market. It is just matter of time..
You show quite well how Bitcoiners do not understand what is going on.
In the past very very few people were involved in Bitcoin, and therefore it was easy to find new "investors".
At the top of the bubble in 2017 every fool in the world who believed the hype bought into Bitcoin. There is not a new even large group of fools ready to pump Bitcoin again.
It is the same with all other speculative bubbles - once the bubble pops, there is no coming back because there are no more new willing fools to buy it
Calling bitcoiners a fool means you hve not ever bought a single bitcoin?if does then you here just to make this Fud since then?