Like other traders, I'm curious as to why the Crypto market is as bad as it is today, is there a particular reason?
If you remember, last 2017 the price of Bitcoin rise by around 2000%. I think the year 2018 is the time where the market corrected and that happened. The whole market just plummeted and the price of Bitcoin goes from near 20,000 to near 3,000 in a span of 15 months. Now the market is continuously rising and many saying that this is the start of the bull market but I think it is not.
Why do you think we are not in the BULL trend yet, because you have not seen a speedy increase? After the market went very bad, people carried more of bad and discouraging news about the market that weekend lots of new investors from making move to continue with the investment.
This FUD news trend became so much throughout last year, that ICO scammer contributed their own quota too to reason why market didnt pick on time, but we can see that this year, there has been more of Good news in the market, IEO came to allay fears of investors.
Large industries planning to adopt the use of cryptocurrency, some government already making moves to regulate crypto, and I think this news is already making big effect in the market and will continue to attract more investors that will make the full BULL seen.