Today is January 17 and see the price:
The price is not recovering and I think it is stagnant at $3600 to $3700 and if this holds for a long time, people will start selling their bitcoins and the price will drop a lot
let's go to another round of panic sale, I'm already wondering how much thread people will complaining about the price, a few will start to say that it's the end of bitcoin or that the bottom is in the $ 1000
Those lines you had mentioned are common for newbies that do easily reacts when see dumping of prices. When they will ever learn?
People buy bitcoin in the expectation that they will have high profits and fast. If the person buys for $4000 and then the price drops to $3800, then the price falls again to $3500 and then the price drops to $3200, the person begins to think that the price will fall to 0 $ and to avoid total loss the person sells. Just think of the people who bought when the price was $17000, if people had sold in the $16500 would have avoided many losses