The dump last 2017 made a huge difference on crypto world particularly crypto users. Many investors also dump their coins and panic sell. This was the reason of the bankruptcy you were talking about. The sad part is that, those people who are into it also lose faith investing. Lets understand that the market is just normal and you are not lost if you dont sell at a lower price.
completely agree - until you sold nothing lost, or you are a speculator (instantly arrived) .. or an investor .. but I repeat the market has rules - (for example the entry point, or in simple words - the eternal growth simply can not be !!