Yes, we have seen this type of downfall from 2018 to till date, which many people afraid a lot previously that bitcoin will decrease its price below 1000$. Even now people are predicting the price of Bitcoin will go below 2000$ and this makes many people panic about the current situation, but people should understand it is an opportunity to grab the Bitcoin at low value.
That's hilarious.!!
I mean in which point people think like that. Who are those people actually..? I heard/saw sometimes too but they never explain properly why they think like that. I think they are just attention seeker nothing else and my advise will be stay away from those people. Everyone knows that crypto/btc market is much sensitive than other marketplace but crypto or btc ain't created for gone it's created because people need that for good and it'll survive in bad situation like others currency do. Normal people, regular people? If you look at the scene, people are people (and even I admit I am a regular guy) and the thing with regular people like us is we all have our limits of logic. When things get bad, we think worse, it's psychological. IF 6k is the price, we think 5k is possible. If 3.8k is the price, we think 1k is possible, why not?
It is an indication of the people who have different views about the market and also people will always think negative way, which might hurt them even more. In most of the cases, our prediction will always prove us wrong, that's why a trader will always think continuous growth.