When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.
Among the many negative comments like you said, there must be two or three positive comments for crypto and Bitcoin in the news article, right?
There is so much negativity to crypto out there right now, especially with FTX, that its hard to see how 16K a bitcoin price can even hold. Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.
I even find it hard to jump to conclusions when people who know nothing about bitcoin and how it works keep talking about scams. How can they know about scams, fake monopoly money and Ponzi schemes if they have never been involved in any investment themselves? But if they know all about it, then it can be said that they also know about Bitcoin and some of the big exchanges that are frequented by many people so they also know about the FTX drama that has happened at this time
In order to sustain these high 16K prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.
Because the decline is already in a very large category, yes it is clear that more people need to buy Bitcoin from now on because doing so can make the price increase continue to happen to Bitcoin. But don't worry about that, because Bitcoin has been around for a long time and obviously it will always be very attractive in the eyes of many people when they start to see a price increase in the market.
I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here. I slowed up my bitcoin buying at this point because I see all the negativity out there.
If you are slowing down your purchases just because you see negative comments and news that are still circulating at this time, then try reading some positive news from some media that say there are already several countries that legalize crypto and Bitcoin at this time so that it can also have an impact on increasing the price of Bitcoin itself. So there is no need to worry just because you have read the news because you shouldn't be affected by negative news about crypto and Bitcoin which may not be all true.
I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.
To sum up my point here, everyone hates bitcoin and crypto right now and I don't see it changing. I've never seen more negativity and FTX made everything a lot worse.
FTX has certainly taken the crypto space by storm at this point, but rest assured that not everyone hates Bitcoin and crypto just because of the problems FTX has. Because I can still see more people who love crypto and Bitcoin here by not letting themselves be influenced by untrue news and also not making themselves worry.