Compare these two periods:
Compare these two periods of Bitcoin prices historically:
Dec 7 2016 - $763
Dec 28 2016 - $1,135 (+48%)
Jan 4 2017 - $785 (-31%)
March 8 2017 - $1,146 (+46%)
Nov 1 2017: - $6,737
Dec 13 2017: - $16,461 (+144%)
Feb 2 2018 - $9,135 (-44%)
The time periods of course aren't lined up exactly, but the price action is comparable.
With the popularity and millionaires made, and the fact that it is all over TV - I believe is starting to cause a lot of resentment in banking and investment community. You continually hear about blockchain being good, but bitcoin being bad or a "bubble" and impossible to control. Well, it is impossible to control by design - decentralization was the key.
You can kind of piece together news for a cause, but as you can see this is just a very volatile space. I am already fully invested, even in my swing trading account I bought some Ripple too soon and didn't expect this dip (like everyone else.) In my personal opinion it doesn't look like a crash - this is just the nature of the instruments. Many people say "crash" but don't realize what they are invoking, I have seen crashes in 2008. It is constant selling off, with increasing volumes, every day scarier than the previous. Looking at these charts it just looks like a pattern on greater magnitude because the numbers are bigger.
The one currency that appears to be the most resilient is Ethereum in my view. BTC still has the most liquidity so I don't see it going away, but if I was going to buy anything on the dip it would be ETH.