The bad news is that many of the newbies will be "double crushed". They will have lost a lot and will be fearful or impatient so they will jump ship. This will leave a terrible taste in their mouths that they won't want to experience again, so they will stay out of the crypto market. Then the market will go to new all time highs and they will be left behind.

The big loss will not be the one they take now, but he huge one they will take by rejecting the future of crypto. That is sad as they could have been early adopters, the people who 5 years from now everyone will be envious of.

It is a real pity that at the same time exchanges can't keep up with new customers and interest in crypto's has reached an all time high, that misinformation from the main stream media, combined with a normal cyclical correction became a crash.

Of course I don't think for one moment that was a coincidence. It is absolutely amazing how many news stories got it wrong the on their original reports. Sure they clarify AFTER they have done their harm. Can you imagine how much better off the crypto space would be had all the "bad news" in the past few weeks been accurately and objectively reported?

Sure the old hands just Hodl through it, like always, but the newbies who bought the top and sold the FUD bottom, got totally screwed over. What's worse is the timing was so perfect for this "attack" that we may all suffer a bear market for weeks or dare I say it months.

The more I see that the fear is real on the part of the establishment, the more I see the promise of crypto is also real. This coordinated attack is really quite impressive.