Quote from: aces777 on June 29, 2018, 07:53:23 AM

The problem we are having right now is that a lot of newbies came into the market this year during the bull. They all wanted to get in on the action with no one wanting to miss out but the thing is they all got thing without a proper understanding of the crypto market. They are the people that are panicking right now because they are watching the values of their coins plummet thinking that the prices will never recover

you are right, many newcomers who know bitcoin directly enter the crypto world and start trading without understanding first the same market conditions.
most people who are tempted to benefit very much without understanding the state of the market first. they even have a reckless lend the same capital of the bank and buy coin at the time the coin is up, they hope the coin can go up aims to get a very big profit, then at maturity payment and the money is not there because it has become the goods in the form of altcoin, then would not want him to sell the coin at the time of the coin price down. they are very big loss and they certainly think negative about crypto.
but this is their own fault with the market situation is not as stable as this and they panic sell fear if market conditions can not recover again.