i think the new miners are living the same phase, they got frustrated trying to find the magic number and they are mining something else, saving btc and expecting VTC to drop more to get in. The few that know how to mine VTC at full capacity are experiencing some kind of VTC abundance and are selling 50% of what they are mining because they are also scare that prices decrease more also to compensate their Doge/BtC portafolio.
That's me on day 1. I missed out on mining at about 5x todays rate (post tweaking 300->400kH/s) for a weekend, thinking it would be OK to stick with multipool and trade for VTC later when I had time to set things up. I wonder how much of the network these people account for though.
Having seen (and both won/lost) some crazy stock price swings (where there is a real business underneath, with a hint of fundamental value), I don't criticise anyone who sold 50% after making over 200% return. They still believe.