A friend of mine who is one of the early investors in BTS and founder of Satoshi Point in London got nearly a 100-bagger out of BTS from March - June. I told him in June it was a classic climax top so to take my chart reading expertise to heart since I used to do this with dot.coms in the late 90s, and sell at least half of his massive profits, if not the whole lot, then buy it back at a much lower price. He did end up selling much of it, so his small investment made him a millionaire.
That said, I couldn't agree more that the BTS blockchain should have been intelligently supporting BTS at critical points on the way down but only if it reduced the drawdown. In the world of stocks, stocks tend to find their level based on the health of the stock, the general market, and overall sentiment.
When it comes to supply/demand and psychology, perception is key. A dot.com with a worthless business model may have ran up hundreds of percents with a $500 million market cap in 1999 only to go bust by 2000. And even those stocks such as AMZN with strong business models had severe drawdowns from 2000-2002.
It was inevitable the 100-fold rise in the price of BTS in just 4 months would result in a severe drawdown which currently stands at -85%.
But how much buying power would blockchain need to support BTS on the way down, especially if the perceived value of BTS was $0.06 where it currently trades? If the market sees BTS worth $0.06 where it currently sits, trying to push it up with massive buying may just encourage other sellers.
As an aside, BTC has had a number of such severe drawdowns with the most recent from the BTC peak in Dec 2013 to the lows in mid-2015 for an -87% drawdown. While BTC may have less severe drawdowns going forward, there is no guarantee. Meanwhile, the price of other cryptocoins correlates to some extent with the direction of BTC. When BTC corrects, other coins correct far more. When BTC rises, many coins rise far more, at least from what we saw from Jan-Jun 2017.
I would think with time, many of these coins will die out leaving on the stronger ones, similar to what happened with the dot.coms.
But in the case of the stock BCST (Broadcast.com) there was much institutional support trying to prop it up, but its model was flawed and sentiment on the whole internet space turned sour after March 2000. Trying to support BCST after March 2000 was wasted money.
BTS on the other hand has a top flight business model in the cryptospace. It would be worthwhile for BTS blockchain to support it at critical levels to prevent fallout, provided the perception of BTS remains healthy.