Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:
REGULATORY
+ Positive G20 Financial Summit stance
+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted
+ Lightning Network and SegWit increase legal recognition of digital currencies
+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups
INFRASTRUCTURE
+ CBOE support for Bitcoin ETFs
+ T-Mobile tech support for distributed ledgers
+ Coinbase announcing upcoming support for ERC20 tokens
SOCIAL SENTIMENT
+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information
+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC
+ Major Polish bank will implement a blockchain document storage system
+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network
+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump
ECONOMIC
+ Analysts predict that institutional investors will capitalize on the temporary slump
Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.
I really hope all these positive news are true because I have been holding for quite a while.
I bough bitcoins late last year when the price was about $16000 and since then I have been expecting a turn up in the price of bitcoin because panic selling it will result to a great loss and I believe no trader would love to run at a loss.
It's my prayers that the price of bitcoin increases greatly so that I can sell my bitcoins and then buy again