4600 is the new 6400. Who would have thought after so many months there we will dream of this price so soon. 
Anyway, this is a loss for the weak hands and bonus for the hodlers who can endure such drops and buy more. When the train starts again, I am sure all these people will wait until its too late to enter again. Imagine how weak hands are 'making money': They buy at 15k$ and above because the charts looked so hot and sexy and their analysis shows it will stay that way. Now at 4K they sell because the chart looks horrible. They assure themselves that they will enter again when they are certain the bull run is on. But when - at 6k? No, not confident. At 12K- no, its too much of a price. But the Bitcoin will not stop at 16K, 20K... and finally after 30-40K they decide to enter again... Just before the next drop to 20K when they panic sell again...
This is the explanation why there are people never profiting, while others are making huge money. I am gloating with the anticipitation of the next bull run when all these noobs will bite their tongues for selling at 4K, while the price goes above 40K! Mark my words!
I would even merit you if I had enough! Anyway, this is a loss for the weak hands and bonus for the hodlers who can endure such drops and buy more. When the train starts again, I am sure all these people will wait until its too late to enter again. Imagine how weak hands are 'making money': They buy at 15k$ and above because the charts looked so hot and sexy and their analysis shows it will stay that way. Now at 4K they sell because the chart looks horrible. They assure themselves that they will enter again when they are certain the bull run is on. But when - at 6k? No, not confident. At 12K- no, its too much of a price. But the Bitcoin will not stop at 16K, 20K... and finally after 30-40K they decide to enter again... Just before the next drop to 20K when they panic sell again... This is the explanation why there are people never profiting, while others are making huge money. I am gloating with the anticipitation of the next bull run when all these noobs will bite their tongues for selling at 4K, while the price goes above 40K! Mark my words!
There are also another reason people sell at those prices though, and that's margin-calls for people who trade BTC in margin. I don't know why would anyone do that... margin trading in an already high volatility market makes no sense to me! It's probably only addicted gamblers who do that.
But there are such services and if they exist, it means that some people use them.
Unfortunately that's another reason for the market makers to drop the prices, trigger the margin-calls of people who though that the price would NEVER drop after a certain level, and grab their money.
That tactic is hard and expensive to perform in the usual Forex market with fiat-currency trading and shares, but in a low liquidity market where whales exist, it's theoretically still easy to manipulate the market. I'd give it at least another 2 years before the wealth of BTC is more evenly shared and the price is less prone to manipulation and sharp movements.
