So, how can this be 'just like April.. or exactly like 2011'... it's not!! It's November '13
I'm saying it resembles April and 2011 because:
- rates have been going up incredibly fast recently, which makes lots of people nervous
- market is still greatly driven by greed, rather than understanding and appreciation of Bitcoin for what is actually is
- sentiment, human psychology, and desire of making tons of money (that is, USD, CNY, and EUR) is what dictates the rate
Lots of people have made TONS of profits during the last few weeks (also newbies who are vulnerable to emotional decisions) and there's absolutely no reason why the 'oh no, i knew it was too good to be true' mentality that you mention, wouldn't show up again on a short price drop, possibly causing a panic avalanche.
Don't get me wrong, I regret this, as it doesn't do justice to the brilliant innovative revolutionary technology that is Bitcoin. But I'm afraid it's a realistic scenario nonetheless.