https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factorsEvery situation has a bright side, you just have to look at the bigger picture!
According to Crypto Rand, a currency trader and technical analyst,
"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."
Further on, the article goes on to say,
"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."
Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.
They're not all scams!
when bitcoin crash down its value, majority of the altcoins are also affected by it. Only few of the altcoins are not affect by it because some of them are pumping their coins to get investors to buy their token but its only temporary. Just like what happen now while bitcoin was not in good term of its price value, even Ethereum, Neo, Omisego, Nem, Qtum, ADa and other potential altcoins are also affected by it. Which means once bitcoin spikes its price for sure most of them too will also kick their price value.
