I am surprised that investors panic so much. I understand that they are afraid of losing money but they should know what they are investing their money in.
Well, most
investors who joined in the second half of 2017 were expecting a continious rise and a new ATH each week.
They were not prepared to lose 40% of their investment within a few months.
In addition to that way too many people invested more than they can afford to lose, which makes them panic even more.
Most of them probably don't even understand the most basic information about cryptocurrencies.
Unfortunately this is the status quo.
The majority of btc-/crypto- owner do not understand the concept of a blockchain. Neither do they know anything about public key cryptography.
They probably don't even understand why the system works (how double spending is prevented).
You just have to look at reddit. Massive amounts of user in multiple subreddits asking ridiculous (basic) question about wallets / private keys.. Most of them just want to get rich quick. They don't care what they are buying as long as it makes them money.