Move terminal panel to bottom option gone? (VSCode)

EDIT for v1.42 (January 2020 release):

Panel on the left

The panel can now be moved to the left side of the editor with the setting:

"workbench.panel.defaultLocation": "left"

This removes the command View: Toggle Panel Position (workbench.action.togglePanelPosition) in favor of the following new commands:

View: Move Panel Left (workbench.action.positionPanelLeft)

View: Move Panel Right (workbench.action.positionPanelRight)

View: Move Panel To Bottom (workbench.action.positionPanelBottom)

See https://github.com/microsoft/vscode-docs/blob/vnext/release-notes/v1_42.md#panel-on-the-left

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[Previous answer - see above for later info:]

See release notes on panel position button.

Panel position button to context menu

In order to preserve horizontal space and reduce clutter, we removed the toggle Panel position button (Move to Right, Move to Bottom) from the Panel title area. The action is now available in the Panel title area context menu and also in View > Appearance > Toggle Panel Position main menu. Another reason for removing this button was that we believe users set their layout once and don't normally toggle back and forth.

There is also this setting to "permanently" change the panel location:

workbench.panel.defaultLocation

But to move it on the fly now you use the context menu.

Apparently people just weren't using it enough to warrant the screen space.

Just Click through the following:

View > Appearance > Toggle Panel Position