I cannot understand the people, who try to enter cryptocurrency market without significant knowledge of how it works. Easy prey for fraud and scammers.
It's simply greed If you ask me. Cryptocurrencies are no longer seen as a revolutionary technology that could change the world. It's now seen as a method to get rich quickly but that's sadly not the case and the current market state proves it.
I'm somehow happy that the market is crashing, that will allow real investors to get in and people who are here for only the quick money to sell and leave the crypto scene.