Unless you are not aware yet, most of those who bough at $1200 could have dumped their BTC already when the price crashed. There is a tiny chance that someone will hold all of it despite the price has been cut off by atleast over 50 % .
Actually There are alot of chances to recover by riding on waves but unfortunately not many people know this and basically dumping or holding will be either of their options . Riding on waves is pretty much different than day trading though
On the other hand the "manipulated price" is not the sole fault for their tragedy because they do create their own misery by joining in to buy at the peak blindly. These people deserve this so called "fate" because they are lack of their own due dilligence and greedy enough to join in the peak rally and hope to be rich overnight
P.S : I meant no insult to anyone but thats what my point of view is