as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
Previously, there were many people who invested money without understanding the projects, now they are not. And large investors invest only in bitcoin, because it is the safest investment.
It is not the safest investment because you can still lose money in bitcoin because it fluctuates a lot so you can be earning now and tomorrow you will be losing money. The reason why they are investing more into bitcoin rather than other projects is they know that bitcoin is more stabilize compare to others and it is usually the first cryptocurrency that will pump.