In relation to the panic you quote, this isn't a panic over the price falling - it is equivalent to one stock exchange back then stealing your money and going insolvent.
The challenge here is that the Bitcoin system is built on faith. If enough faith disappears, so does the value of Bitcoin. In this manner, it is similar to a bank run.
The challenge here is that the Bitcoin system is built on faith. If enough faith disappears, so does the value of Bitcoin. In this manner, it is similar to a bank run.