Because, if you see that, At the end of 2017 the value of bitcoins reached at the highest position. No one expected such types of growth of bitcoins. It was really unbelievable .It continued at the first two months of 2018. But after few month later and the mid of 2018 it started to decreasing instead of increasing. It is expected after few month later or at the last of 2018 the value of bitcoins will be high position again.
No. The first two months of 2018, the bear season has already started, the price of bitcoin already below $10K at the end of February. The main reason for the fall is that the bubble have been burst, people just cash out and take the profit specially in the December madness.
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.
You made a reasonable point here. Funds that could have made Bitcoin scale up in price have been distributed over investments on ICOs. Bitcoin has prided itself on not being moved by the normal market manipulators, such as global strife and socioeconomic activities. However, there are times when it fluctuates for some obscure reasons.
I don't think so. Funds that could have made bitcoin scale up will just will just be wipe out because of the bearish season. Both market has suffered, altcoins has suffered worst and I don't think that there will be significant funds to move to bitcoin coming from altcoin because people are afraid to invest. And people who are investing in ICO are also pulling their money out as soon as they see a good margin of profits.