In the first place, college funds aren't something you can't afford to gamble in an unstable volatile market. I feel bad those who were deep in loss but they basically have no one else to blame but themselves. It all boils down to being logical enough to know where your money should go.
Be sensible in risk taking, if people thought it was free money then no its never that simple. Just sounds like people being a little lazy and gambling and risking 'it'll be ok'
None of that means Bitcoin the protocol is to blame for public mis-comprehension, the price is really not a measure of success. IF anything Bitcoin has risen while the graph dropped, by that I mean the utility of Bitcoin is higher now with its low fees then when we were at that peak.
I really was worried the devs were sitting back thinking $30 fees was just fine, its no where close to feasible long term and thankfully they found a solution and we are all now better off. Sorry if people relied on a price to go up in a matter of months, no market does what you tell it to. This is not a failure, speculators are competeting against each other to some extent and now the Futures markets with professional traders are also playing that game. Long term BTC has a purpose and a genuine use to the world that should facilitate growth, commerce and liquidity between capitalist participants in global trade.
Thats all a big positive and if BTC can help the world then its going to be a success, just decide if you believe that or not. If you think its all fake then obviously I wouldnt hold or try to guess when it might go up, I think BTC will be useful so longer term all this guessing is not as important
please get out of crypto if you have families and children to feed.
Any position should be built month by month not a lump sum taken from the capital value of widow and orphans. Crypto is so cutting edge, its really not the place to just throw it all in
