It greatly aids the growth of cryptocurrency demand, as well as having a favorable impact on coin values. However, there are also new panic sellers. People who don't know how to successfully handle their assets are always destroying the market. Before investing in cryptocurrency, people should educate themselves.
We understand where they coming from, they are newbies, so definitely, if no one is mentoring them, they will panic when they see the market crashing and their investing going down. But I would say that it's good though, I mean it's going to be a learning experience for them and probably the next time it would happen, they won't be affected by it, thus not panic and push the sell button. And then is going to be in circle though, newbies becoming harden but the market move, and then new set of newbies entering.