The people who panic sold will be feeling really, really angry/stupid once this is over. They only have themselves to blame
Funny that after all these years people are still falling for Emin Gun Sirer's market manipulation-- even though his twitter is stuff full of obviously paid altcoin promotion.
Sometimes it makes me feel like people are just dying to do something stupid and only looking for an excuse...
Because mining is a noisy poisson processes it provides a never ending stream of excuses for those who hope to dare to be stupid.
they are exactly looking for an excuse. since bitcoin has turned into an speculation tool for a big percentage of those that own it, there is a lot of interest in only trading it and being volatile helps with making money.
how to help increase the volatility? by drama like this. lack of knowledge and understanding of bitcoin (which also stems from seeing it as an investment) helps with that a lot!
i don't know if we can call it stupid although it is sad to see bitcoin community is like this!