Quote from: Slow death on September 14, 2018, 11:24:23 PM

Quote from: maarx on August 26, 2018, 09:39:31 PM

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.

There are few ICOs that have become a success and even the ICOs that made a lot of money last year would not be enough to make the price go to the point of being in the $ 6000. I am of the opinion that the main reason why the price fell a lot and continues to fall is because of the regulation. when the price rose to $18000, aroused the attention of all governments of the world, many governments and banks began to warn people for do not buy bitcoin. other governments started to say that banks should not allow people to buy cryptos and that they should close exchange accounts. this made people afraid to buy bitcoin, for example, see the case of India.

The main reason in my mind is that many people have lost their investment in bitcoin and they now do not believe in bitcoin. To see those other people also avoid bitcoin investment due to which demand for bitcoin become low and that is the reason for red signal of the market. When there is bearish situation in the market nobody will take risk to put his hard earn money for losing in bitcoin.