I think that many who have not used the "drawdown" of the cryptocurrency market and have not invested in it, will regret it when the market starts to grow again by the end of the year! I think that the current dynamics of the market, when it significantly "sags" from the beginning of the year in relation to the January highs, does not stand out from a number of conventional cyclical phenomena. I see that the cryptocurrency market is cyclical, and, despite the current decline in the market relative to January, if you look in relation to last year, we see the growth of the market! And what do you think, you too, as I see the prospects in the development of the crypto-currency market or think it is a collapse?
I agree with your sentiments regarding would-be investors missing out on a solid opportunity to share in on the innovation. However, your analysis of the market is acurate but a bit short sided, you're spot on with noticing that there is a cyclical trend, but you seem to stop halfway at arriving to the cause of these trends. The cyclical trends will change, because the factors that are causing them, themselves are starting to change.
In a market that is so easily manipulated, it will soon see itself, self correcting. This year, regulators have their eyes set on the market and they won't stop until the market is safe, stable and regulated. The bubble is popping, the $19,000 inflated high was too good to be true and was bound to topple. It was way too soon, especially in an unregulated market, I am surprised it ever made it that high before crashing.