Quote from: BennyOnions on February 02, 2018, 12:36:30 AM

Crypto in general just lost a whole lot of new people/money. These weak hands were needed to grow the market. Lets hope we havent lost them for good and hopefully more investors will come. I can tell you this crash has really hurt cryptos reputation amongst average folk

Problem is that corrections like this will put a lot of people off crypto in future. As there is so many more people in this than ever was before, if a bounce doesn't happen soon it could be very detrimental to the whole crypto scene as one bitten twice shy and on a world scale it has the potential to ruin or severely hinder the future of the crypto world. If retail investors are lost then institutions have no one to make money off. They could be overcooking this one a lot more than they notice.