The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didnt see this!
indeed no doubt the newcomers will feel scared especially if they are new to crypto and immediately invest without seeing the positive and negative
however, the likelihood of btc to crawl up will always be there and we can see when the momentum before, it really happened, so I guess this only has an impact on newcomers, not for old posters