Current year has been bit worst for crypto coins. Apart from values, we have ICOs in the market with best projects. So what happened is the investment spill over too many ICOs and thus bitcoin value remained below $6.5K . This is another reason for all altcoins values remain under a threshold. Hope we have more investors pitch in investing into bitcoin.
This year Bitcoin experienced the lowest decline, lower in February, probably influenced by the rules born for Bitcoin or the crypto hacking bithumb effect last June 2018 and raises concerns for investors, but Bitcoin is currently trying to hold back the decline with many Announcement of new infrastructure, various investment opportunities and trading platforms, new applications and new innovations, because we hope and remain confident that bitcoin will recover, stabilize and experience a rising trend.
It may start a new trend but I still feel it is too early to start expecting that. The fact that we are in a downtrend, does not mean it should start raising concerns for investors.
Investors are simply supposed to be investing in the long term if I am correct, and that makes me imagine how some people tend to put that long term in place when they are really looking at is the short term. The red market was imminent after the huge growth in most of the markets, but as it is, I want to believe we may be getting close to the end of it.