One reason for this dip

[gabrielkings]

From my own view, one of the reason why we are having this dip could be traced to Ethereum. The Existenxe of the Ethereum blockchahin has done more harm than good by making it easy for numerous scammers to come in, start a project, do an ICO for it, get bounty hunters to publicize it more, after managing to launch they sell their tokens and go away with bitcoin and ethereum. This is just one smooth and broad way to create and destroy money in seconds.