I actually agree with you. I think the reason that the market is so bearish, is because you had newbs who hopped onto the bandwagon, thinking this is easy money. Then when shit hit the fan, they were nothing but weak hands, because they have no idea what they are investing their money in. It really becomes a domino effect from then on.
I think we as a crypto community have ourselves somewhat to blame. I think, we need better education systems/streams/platforms for the general public to know what we are talking about that an old grandma can understand. Once people are educated, then maybe we can reduce the number of newbs out there. I don't think we can completely eliminate the issue. But we can play a part in a positive way. The real question is how?