When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.
Hopefully this will be happening even if fuds still lingering on every persons mind right now, and as I get to expect better for bitcoin the more it's getting worst. However, it's not the end of everything yet there's always a good chance as long as we keep holding our asset for good. We can't please everyone's heart and motivate them just like as we thought about it, but showing the best examples for those who were broken will be the greatest achievement for now.