Right.We are still facing on a down market today since crypto is very much volatile and fluctuations will be expected all the time.I think having a down market is caused by some negative news that have totally affected some investors and holders to make panic selling in some ways.Hopefully the price will soon to recover making the market turns into green again.
Correct! Many investors are panic selling, which explains the reason why the market has been on a downfall these days. It's normal within crypto land, since volatility has been affecting Bitcoin after its creation in 2009. All we could do is just wait until the next upsurge in price occurs for all the cryptocurrencies on the market. When Bitcoin rises, altcoins rise in price too. The same behavior happens if Bitcoin goes down in value.
The way I see this, is that Bitcoin is the reserve cryptocurrency of all cryptocurrencies in existence. What this means is that if Bitcoin fails or dies, then other altcoins will die too because they depend heavily on Bitcoin's value on the market. For those that are in it for the long term, they don't care about the current bear market. But, those who got in last December 2017, are regretting being invested into Bitcoin in the first place since they've lost a lot of their hard-earned money. All in all, it's only a matter of patience and perseverance to obtain the results you want to achieve with your crypto investment in the long run.
I also think it is the main reason for these current conditions, more and people who got in last year have not only lost their profits but also initial investments and wont be buying anything in the near future. Bad news lead to severe dumps and good news hsve almost no effect on the market anymore.