It seems to me that the problem of cryptocurrencies is that everyone wants a quick profit. In fact, few people share the idea of a free economy "blood" which should be cryptocurrency. This is the main reason that the price of bitcoin can not recover. Price increases are just a bonus. The main task is to escape from the control of banks and governments.
Yes, I agree that the concentration on money profits is slowing the growth in a way. It looks the opposite at first, actually, because when more people believe the prices will increase, the more people invest in btc, thus really causing the prices to go up. But as profit is the main motive to buy some coins, when some minor bad things happen, these people are not willing to risk their 'real' money, so they pull the funds back, crashing the price for no rational reason, like we see now. I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself.