Looking at the investments I made in altcoins this time last year they are now at less than half the price.
So the investor lost faith, doesn't think this technology in a coin is worth as much as he was made to believe (surprise surprise).
You may say that It's because it follows bitcoin, but say you need to stop dreaming and come back to reality because BTC is still nearly double the price it was this time last year.
But are we at the bottom? Is the price now the REAL price of an altcoin.
Let's just say the wise thing is that every product and services are subject to market forces to get the right price. This is what has come to happen to cryptocurrency and the Altcoins in particular after Bitcoin took that tumbling from its ATH of $20,000. Investors confidence has been eroded and many are chickening out of the industry. Bitcoin goes down, altcoins nosedive. That's the way it is here.