* Many existing bitcoin users have had their coins and conventional currency holdings wiped out - and don't have enough money left to buy them back.
* Many users who lost their money would not want to re-invest after getting burned.
* Many potential new casual users will be (rightly) scared away by the news.
It seems to me that even if 6% of the coins are gone, demand could drop more than 6% and still lower the price.
* Many existing bitcoin users have had their coins and conventional currency holdings wiped out - and don't have enough money left to buy them back.
* Many users who lost their money would not want to re-invest after getting burned.
* Many potential new casual users will be (rightly) scared away by the news.
It seems to me that even if 6% of the coins are gone, demand could drop more than 6% and still lower the price.