You are right. Not many saw the dip coming. If you take a look at the bitcoin price prediction contests in Games and rounds section of the forum you will find a lot of the prediction were bullish, mine included. This shows that bitcoin investment/trading is really not for the faint of heart. Bitcoiners who have been trading/hodling for years are not new to the volatility of the bitcoin market. Newbies however may find it difficult to hodl their bitcoins in the bear market. With the FUD creeping in the internet and trolls spreading fake news about bitcoin, weak hands will be selling off their coins.