Why it's normal for Bitcoin and altcoins to go this low

Guys, Many of you are panicking because of Bitcoin etc are going down very hard.. This is normal for several reasons:

• Report: Indian Government Considers Tax on Bitcoin Purchases has been in the media now ( this isn't causing the biggest downtrend ).

• It's weekend.. Then the market is @ a low peek and will drop.

• People are waiting a very long time for the changes happening on 1 august ( new / unaware people read the changes (segwit, split etc..) and are scared that Bitcoin will crash totally while the other people who have more knowledge have selled the bitcoins weeks ago because they know its going to crash and are going to buy possible @ the end of july back.

• The altcoins are getting down because of many coins can only be bought with Bitcoin ( others by Ethereum ). Bitcoin still decides what is happening in the cryptomarket. If Bitcoin goes down, the rest will follow and otherwise.. Many say Bitcoin is ment to die but that will not happen fast..

This is my insight in this and still believe since my investment in 2013 in this future of crypto. Relax and wait