The market has been bearish for the past 3 week. People are confused whether to stay or to cash out.
My advice is that even in the most bearish market , the market-cap stayed well above 400 Billion. People are here to stay.
May be its time to sell and buy back. But for long term holders this is a temporary institution.
Countries like South Korea, Russia are bring regulation to the cyrpto trading and ICO. These are signs that these countries are ready to accept the crypto world and be a part of it. Once a global framework for the cryptocurrency is formed, all countries (with few exceptional counties) will accept crypto currency.
The Bitcoin dominance has reduced a lot these months which shows that people are not blindly investing in the most popular coin. People started understanding the technology and started investing in good coins. Even if bitcoin rises or falls it wont have a big impact as compared to earlier days.
Cryptocurrency is the future, just that its not equally spread which causes the volatility.