Hello everyone so we can see the current market is really bad for all investors and let's accept the fact that there is some drawbacks to crypto currency,
The answer lies in the name: currency.
Cryptocurrency was supposed to be a currency not an investment. That is the main problem.
there are many retails investors who got REKT
Good!
which is not that good because people are scared and thinking to exit this market because of some manipulators or influencers like Elon Musk.
Another good thing. People who invested in cryptocurrency instead of understanding what it was made for should leave sooner than later.
tech behind bitcoin is not getting updated
Well that's just not true.
Not to mention that bitcoin is considered a brand new technology itself!
great coins saw a massive drop because a drop in Bitcoin, all the alt coins are connected with bitcoin and because of one single coin the whole market is filled with blood.
There is no such thing as "great coins" there is only bitcoin and lots of useless altcoins. Which is the only reason why they get dumped hard each time bitcoin price goes up or down significantly.