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There are no bad participants in the cryptocurrency market who pull the market down in price terms, or good ones who try to push prices up. Everyone works in the market in their own interests, striving to get the most profit, and such behavior is absolutely normal. The actions of everyone to buy or sell cryptocurrency affect the increase and decrease in demand for it, as a result of which its price is formed.
Cryptocurrency as a whole is deservedly compared to a financial bubble, as it is usually not backed by anything, and the price ultimately depends on the belief in the continued functioning of the cryptocurrency. If this belief is greatly shaken due to any actions of other persons, fear may work for market participants and, according to the domino principle, almost any cryptocurrency can quickly lose its price and value.
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The Bitcoin bubble perception?
Well, i don't believe in the Bitcoin bubble ideology. Bitcoin in itself is created to be controlled by it users and not any central authoritative party. As such, its value and price on the market is strongly determined by how the entities involved in its transactions treat it. Bad players on the market decide the fall in price whereas the good players offer it a boost in price. There is no point in spreading FUD, as this will rather cause more panic sell at cheap prices thereby devaluing Bitcoin. This is the time to hold and if possible buy more.
