Real background of crypto market losses
- hundreds of non-performing crypto-based companies
- hundreds of fake icos with high-faluting marketing promoting promises (for example Worldcore)
- a lot of crypto scams
- a lot of payment problems in shops with certain cryptos (I suspect most of widely unknown ones - like Worldcore)
>> heavy loss of confidence in cryptos
Hundreds if not a couple of thousands...
The problem is the market is regulated barely - no proper legislation, no any formalized professional standards, no professional associations. This makes a wide range for any sort of swindlers to opearte pesudo crypto currencies and also makes some weaker market players easy preys to black-PR campaigns and various speculations (i.e the Worldcore case).