Day before yesterday the cryptocurrencies dropped drastically in values and today have totally rejuvenated. This trend was totally unprecedented and has brought the 'to or not to invest' mindset in cryptos.
2017 saw bitcoin skyrocket its value by over 1500 %. Bitcoin continuously gained substantial value as an investor class and not as a digital currency; Investors thought that their investment will keep on flying, particularly due to the approbating news about the currency, but something happened this Christmas which brought about a significant turn of events: bitcoin losing its value. Since then the currencies have oscillated in value.
Surprised by the success of bitcoin, many individuals initiated their own cryptos, hoping that they would go through similar feats. But the entry of new currencies in the market has generated ample competition to deviate investors.
Furthermore, many individuals are optimistic about bitcoin, they all seem to conclude on a similar platform: it won't last for long.
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