There is a lot going on right now, and it is very natural for people to have some fear about the future.

Personally I think part of the recent rise and drop also has to do with people starting with cryptocurrencies hoping to get millions from a $50 investment. They easily forget most people who got 'Bitcoin-rich' had to wait 5-7 years for it to happen.

When profit doesn't occur instantly they leave the scene.

Also, the market needs new money, new investors, but the exchanges were not at all prepared to handle the demand of new users. They closed their doors for newcomers. This makes it hard for people who want to give daytrading a try.

It's really good news to see Bittrex opening registration again soon.

I agree with you, cryptocurrency has a bright future.