Most of people here are just Buying for the knowledge that they can become richer but have no idea if when the price falls down.
and besides they are the roots of panicking because they are not ready for the other side of the market as they have only expect gains .
Not the knowledge,,, but the mistaken expectation. They all read some stupid news about Bitcoin becoming 1000x, or being worth $1Million somewhere, and saw all the friends post stuff about people with lambos. Who does not wast to be rich right? So when things do not go as expected they panic.