I don't know if you are new to this market or not but based on your account it looks like you are new to the forum.


It can be said that your question is the kind of basic knowledge that any investor needs to know before entering the market. So if you don't understand why the price is dropping so much and you are not ready for that, you are not ready to invest in bitcoin.

As many others have explained, Bitcoin is a financial market and is considered the riskiest market because of its high volatility. If we want to earn high profits and get rich quick, the price we have to pay is high volatility and high risk. You can't expect bitcoin price to skyrocket and give you huge profits, and it will never be dumped. So if you are someone who doesn't like roller coasters and doesn't like high volatility then bitcoin and cryptocurrencies are not for you.