If we look at bitcoin for what it is (the technology and theory behind it), it hasn't lost any real value. If it did (e.g., if a major flaw were discovered in the technology to render it useless), then people wouldn't still be trading bit coin.
There are believers in the Bitcoin platform who are investing significant time and capital in improving it.
Then there are the traders, many of whom could care less about the underlying technology. They are in it for pure speculation, and care only about the flaws of the Bitcoin ecosystem because as long as it impacts their investment. This subpopulation is really not much different than the people who trade (and shill for) penny stocks.
There are believers in the Bitcoin platform who are investing significant time and capital in improving it.
Then there are the traders, many of whom could care less about the underlying technology. They are in it for pure speculation, and care only about the flaws of the Bitcoin ecosystem because as long as it impacts their investment. This subpopulation is really not much different than the people who trade (and shill for) penny stocks.