Your post seems to suggest that people who are willing to sell bitcoins at $14 each are people who panic, are inexperienced, and are wrong to sell at such a cheap price. Who says $14 is the wrong price? Maybe it's as good as it gets for weeks, months, or even years? I sold a bunch of bitcoins at $18 and $20. Not such a bad trade, looking at the past few weeks of data. In late April many people on this forum were advocating an exponential rise in bitcoin's price simply because of the difficulty rate. I disagreed, and sold. Glad I did. But hey, maybe bitcoins will trade at $100 next year and I'll eat my words.
Well you as the seller define the price. The buyer is always bullish. Every time you sell some bitcoin (in the "hope" that the price goes down), you sell it to someone who thinks that the price goes up. So basically every buyer thinks that the price goes up. Or to put it another way, half of the traders think that the price will go up. Only the sellers keep the price low.
So the conclusion for sellers should be, that whenever one can sell at a certain price, that price was essentially too low, because whenever one buy at a certain price, this one thinks that it will go up, and therefor would have bought at an even higher price.
It comes down to this: If you and all others would have only sold at $100 and above, the price would now be > $100.
The fact is, people panic. Especially inexperienced traders and miners
Well, I agree, especially on inexperienced traders. Lets say the price is 14 and there is some buy wall at 13.5. Then those inexperienced traders believe that the price is falling, and hence they make it falling. While in fact the buyers at 13.5 think that the price will rice and they only want to buy cheap, because if the buyers would not believe in raising prices they would not buy at whatever price.