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Fear...
BTC went from $10 to $260 .. that is huge.
Then it went to $50.. that is huge..
Then back to $140.. that is huge..
And then people got scared and just fear took over..
Fair enough. But fear by whom exactly, and why so late? I doubt it was fear from new buyers who came in near the March/April run-up: they did not yet have much to lose. So it was fear from people sitting on large gains thinking it could all vanish and they had better diversify, just in case, correct? But why did it happen so much after the March/April growth spurt? And are we likely to see this play out again?