Somebody is mining with the hope to make money another one is creating a token or blockchain platform and coin to make money and another one is buying to make money..
You think you are smart you can dump your $1 bought coin to somebody else when the price is $10 and the person who bought for $10 thinks he is smart he can make money when the price is $100 and somebody else who is buying for that price thinks he is smart he can make money if the price goes to $1000..
But the person who bought for $1000 thinks also he is smart he will make money if the coin price goes to $10000..
Its a ponzi scheme on the end of the road somebody need to lose money.. If nobody lose money nobody will make money..
Most holders lost there trust and waiting on the sideline to dump all there coins and get out of this crypto world.
Crypto was $800 billion dollar and now $200 billion..
That means 600.000 people made $1 million dollar each..
And the rest are locked with there money in unuseful coins and hoping that this guys will come back to buy coins with there in the real world useful dollars.
When the market falls you need to sell before everyone else if you dont do that you are locked with your money in that coin and will hope for another bullrun to get out.I saw some guys who where talking in januari about holding now the same coins lost 95% of there values and now the same guys hoping for another bullrun to get out..