I think alot of people didn't take any profits when things were up, and I am guilty of it too. It's similar to how the stock market is. Things can go both up and down. I don't think crypto is bad, but people can consider it bad from their perspective when they just look at how they did.
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Yeah, the "badness" is just a perspective thing and people are actually the culprit and not the market. Unfortunately we find it hard to blame ourselves for the wrong decisions we made.