Quote from: LDL on Today at 05:33:44 AM

Is the cryptocurrency market headed for destruction or can we expect something bigger to come?

You can see this period as a sort of spring cleaning during which market is cleansed from all those shitcoin projects/platforms/exchanges that appeared in the last few years. And every time this happened (as it happened in 2018/2019 and several times before), bitcoin (and market itself) came out stronger so no, I don't think that crypto market is headed for destruction. More regulation for sure and that's about it.

Quote from: _act_ on Today at 06:55:44 AM

You consider it panic but many people that have known about bitcoin and crypto generally see it as an opportunity to buy. Any price decline is an opportunity for some people that have not invested before to invest, it is like a dream come true for some people.

Based on my experience when I had to sell bitcoin during bear market to cover some unexpected expenses, newbies rarely invest when bitcoin price is low as they are afraid that its "going to zero" and instead they wait for it to start pumping and instead seasoned investors that went through this before will of course seize this opportunity.