[varyouga]

they lost confidence that the value would continue going up and sold. classic speculation bubble like we saw in real estate a few years ago

[Mad Dawgg]

"they lost confidence that the value would continue going up and sold."

So then your statement "people still trust it completely" is false... at best some people still trust it but being the price of bitcoins dropped drastically due to the fact there were more sellers than buyers shows us that a blanket statement has little basis in fact.

If the people still trusted it they wouldn't get rid of their bitcoins.