Just my opinions, and I am certainly no expert. However I did predict the beginning of this nose dive to pin-point accuracy. Just one day before the crash I was practically begging my dear friend to sell his BTC and buy himself a house (he has TONS of BTC - and I have almost none)… my friend of course wouldn’t listen, and in the last few days has lost about $500,000 on paper.
Anyway, to my mind it is a no-brainer that the entire crypto market is in a massive bubble - so just look back at the price graphs of previous BTC bubbles and the DOT COM bubbles… in truth the bubble burst does not just happen over-night, it takes over a year or more for the final bottom to hit. If BTC never had this bubble, then natural growth price right now would be around $3000. That’s why it is going to go down to there.
Now a couple of things to keep in mind… BTC is NOT delivering on it’s promises at all. It is a pain in but to use, and expensive… it is obvious that it can only function well with a small user base. Mass adoption and it is toast… Now everyone sees this and are bailing out.
The other main factor to mention is that everybody knows that FIAT money is the biggest criminal scam of all time, and those running it are not going to give up without a fight > so it is a no-brainer that they are currently executing a well thought out plan to attempt to at least weaken crypto and buy some time to figure out what to do next… so, so far IMO the way this plan has unfolded is this>>>> we all saw how after BTC crossed 10,000 it suddenly SHOT UP thru the moon, and it would only take a fool to assume that this was coming from investers like the average Joe user… no no, this IMO was the BANKSTERS injecting BILLIONS AND BILLIONS into BTC. The idea was this: Totally puff up the entire crypto space with tons of money… create a massive mania around crypto get everyone talking about it and investing in it… to the point where a mass euphoria sets in and everyone feels that the money is flowing forever… this was the mind-set just one week ago! >>> next phase of the “BTC KILL PLAN” was to wait for the perfect moment to ‘pull the plug’… and what was that moment??? It was the moment when Charlie Lee suddenly announced that he sold all his Litecoin… put that together with the Coinbase/BTCCash controversy and bingo you have your moment to PULL THE PLUG. >>> to then the banksters suddenly sucked out all of their money - the money they had pumped it to puff up that market.
The Result: Panic sets in and all newbies sell, get burned, and forever hate BTC. Then they accuse Charlie Lee of corruption… they accuse coinbase of corruption… and right at this time the entire BTC network is so incredibly clogged and overloaded that people are having to wait days for transations to go thru, paralyzed and having to just sit and watch their investments crumble.
Bottomline is that the massive bubble of the last few months has show us clearly that cryptocurrencies are not yet ready to take over… they WILL take over, but they need improving first.
The big banks have succeed in setting BTC back a lot. It would have been much better if the growth would have been very gradual, and slow, giving the tech time to gracefully catch up to new requirements… so the banks decided to create a huge fake bubble > the ultimate affect of which will be to ruin many people and traders financially and give a big bad taste in their mouths for crypto.
The good side of the bubble is that it shows us clearly what we need to do - where the weaknesses are - and what the potential is.
So, myself, I am just going to sit quietly on the sidelines for a year or so and wait until few people are again talking about cryptos… when all the mania has gone away and there are a handful of remaining GOOD projects… then buy a ton of them for cheap, and wait another year or two for the next bubble > sell at the top and get rich 
