Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
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http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correctionAs long as you are invested in bitcoin then you have nothing to worry about, let those people that have most of their money in altcoins to worry if their coins are going to survive, the only thing you need to worry about bitcoin is to not lose your private key or to have your fund stolen by hackers but as long as you still hold your bitcoin and you are willing to hold for the long term you will unaffected even if that scenario happened.
Some of the people get so much fear for the dump happening and for that we see so much huge sell happening that's why we see that the total market cap is slowly draining and it so much alerting to see.
But lets hope for the best on this upcoming months that here will be a good sight to see on cryptomarket.