It is a market that needs government guidance and regulations. Why do you think big guns over at Twitter just kept spreading the news about China ban without even half of them questioning anything? Because they know that the fake news will spread panic among weak hands and that the prices will fall temporarily which means that these people can continue to buy cheap coins and keep increasing their wealth.

Without regulations you will see alot more scam coins and alot more greedy people joining the community in hopes of increasing their wealth and spreading panic among investors.