Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on.
You state great points my friend, and i really do agree on some. But the thing is, lightning network is about to put an end to the main problems of bitcoins. And evry day we are getting close to the time of implementation of this new idea. There have been tests already that were successful. And i think this will be a way toake bitcoin reach incredible heights again. Breaking records by records all over again.
And abiut the big price drops? I am more hapoy than worried. In fact, i am hoping for lower dips so i can buy a lot more bitcoins for a cheap price. But sadly, i think these dips will only be lasting for this month. Oh well, at least this dip has gotten rid of weak handed noobs that are bad for the crypto world as a whole.