I share your same opinion. I, up until now, didn’t have any money in bitcoin because it was too expensive for my taste, I focused on different coins. Now that the correction is seemingly done I bought my first little bit of it so I can add it to my portfolio. Personally I think bitcoin is a pyramid scheme with the people invested heavily in it but I think there’s fantastic opportunities for other coins that are legitimate, not ones trying to take advantage of people not knowing. Have to have a bit of good diversity though so I put a little money in.
I also think that it’s great these phony experts are getting a reality check. Anyone trying to predict a market might as well throw their name into the ocean; the reality of their predictions coming true is slim to none so I laugh at the fools who think extravagant prices. This one guy predicted bitcoin will hit 50k this year. Those stupid sensational headlines do nothing to better the market or technology, it’s just for clicks. His post was full of junk, drew some bogus graphs and unfortunately people were eating it up.