For those people who has been in the industry for some years and already know what are the different up's and down's of the market because they already have the experience on what would possibly thr next happening of the down of the market, it's either it will pump or dump but for all of us we are still holding our bitcoin for huge profit after this pandemic problem.
And seriously, we can't really blame the people who dumped their coins after seeing what happened, a 40% decreased had happened in a matter of weeks. Sure, there are bigger dumps in bitcoin's history than this but in a beginning cryptocurrency investor, this means a lot. And number 2, pumps like this weed out weak-hearted investors that are just after easy money. The unsightly price of bitcoin may have put a bad taste on their mouths, but that is better than them dumping out after an all time high.