You are right, and now fraudsters are destroying the market, and their fraudulent ICO projects and bounty activities are getting more and more people to hate the market!
But instead of hating the market one should try to learn about value and perfect time of buying and selling, so buy when you see the price is getting down and sell when you see the price is high, early selling for trading can cause lose, try to trade for long time because as long as people will hold the more price of bitcoin will be high so they will end up their trading earning high amount of profit.
Traders are really doing what they think is right for their money and they are not thinking about the market situation, for sure they will secure their selves first, their investment and we cannot blame them from doing it but there should be a proper way of everything that is why we should always learn everything especially through our mistake.