It is very convenient to send money sometimes the commission comes out less than that of banks. There is a situation when you want to buy something from a person and he does not have a bank account then he can create an account using the current Internet and get a payment. Sometimes it takes a lot to agree between bank transfers for three days and a cryptocurrency transaction takes a few minutes.
As you've stated. it was affected by a lot of indicators posted all over, be it on social media, broadcast and print, all are negative news. yes, the market is very risky, unpredictable, and very Volatile. With recent activity as reported massive sell off contribute to the fall of the crypto market. almost evry coin was affected with so much loss as posted. Yet..we are still here. I still believe on Bitcoin for simple reason... it is the most trusted coin in the market even with ups and down on its price value it remains on the top among all the crypto coins in the market....