KYCs are not the problem here. The problem I see is where you are entrusting your information to. Because their are certain ICOs that will only fish out your information as it has more value for them rather than the token they are creating. KYCs are a requirement of some countries' government as it is their way of regulating or being in touch with their citizens. What I would normally do before trusting my personal information to other entities such as ICOs or even exchanges I will research on them if they have a good background.
in this case we all will not be able to avoid what is happening with the price of bitcoin, which we might do to ask why? when will it back up again?
and the answer we don't know ... if you really say many investors who take their money from bitcoin means that they sell everything they have, don't get it wrong who knows one of the goals.