The real problem of bitcoin price decline is that more of 50% of cryptocurrency community are most of them ignorant and lazy people , they just follow rumors , they never get news from trusted source , never do research and this what create this panic Sales on the market and this bloody bath that you see right now , they heard about bad news from India so they start selling and never try to understand what was the news and what is really going on , and did this affects on bitcoin or not , I am sick and tired of those kind of people .
If you don't believe in bitcoin just walk away , we don't need you in our community .
I agree with you. your opinion is true that many people have invested they money in Bitcoin and they haven't known more about Bitcoin and cryptocurrency, when there a bad news about Bitcoin they will panic and sell all Bitcoin they have.
So Don't invest your money in Bitcoin if you haven't knowledge about Bitcoin.