Bitcoin hitting rock bottom is not good for the cryptocurrency in general, we saw how the last drop affected the whole market and how everything went red and we don't want that to happen again, in the past people saw bitcoin as the only cryptocurrrency there is and altcoins as an attempt to copy it, but that idea was changed especially last year when the bitcoin network went to shit with its high fees and slow transactions, and the release of ICOs which have become real popular, and so today we see people investing in altcoins market more than before.