Crypto is developing even if the market is dropping. I think there are some coins that brought bad advertisement to the crypto world since many of them were scams, but crypto is not going to die.
I know a lot of people who sold because they were afraid of loosing what they have. In my opinion selling when the market is low it means loosing. I prefer to hold
Governments don't like bitcoin because it is something they can not control and something they can not ask taxes for it. This is the only reason they are afraid of it
Bitcoin was well thought and designed and just seeing the technology beyond bitcoin you can see for yourself that it is a good thing and not at all a scheme
I believe bitcoin is something that will run many years from now on so investing in bitcoin was my number one priority. I consider it an opportunity to increase my profits