These same people spoke about buying at a certain higher price, but suddenly when they're presented with an opportunity, an actual crash to buy lower, this is when they'll begin to pull the rug even when it makes sense for them to buy.
I agree, it's like when someone is looking at an expensive item wishing to buy it. And then here you come, as the owner/seller, giving a huge discount and suddenly that person was suddenly decided not to buy it. LOL.
Though, in a way, I understand them as well. As a matter of fact, if not because of Hive, then I would still be one of them.
I believe that the main issue why there are some people panicking at times like this is they don't fully understand what they are investing in or they might have invested an amount they can't afford to loss. Another one would be more of a psychological - an increasing price looks appealing as it gives the impression that it will continue to rise. The opposite also gives the opposite impression.
!1UP