There is now a huge cloud of doubt on some cryptonians as bitcoin dips down to $8k for several days already. Fear and uncertainty filled the heart of many and they dump their coins in a loss fashion just to save some of their hard-earned dollars. This is the moment of survival of the fittest and the elimination of the unfit - the moment of truth in cryptoworld whether it will survive the heavy blows that it took from all sides ranging - government banned crypto in their land, massive hacking on the exchanges which happened recently in Japan and nearly 530 million dollars was lost and this was the largest theft in history of cryptocurrency surpassing the Mt. Gox loss in 2014, and the panic sell-off of our fellow cryptonians just to save their last penny. Those ICO scammers adds agony to the present injury of crypto and this will surely discourage many in investing or trading digital currency. If this will not be stopped, cryptocurrency will be tag as Ponzi scheme by many who don't fully understand this type of currency.
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But in spite of these things that were happening as of this moment, I'm still hopeful that crypto will survive from all of these obstacles. It's just a matter of time when bitcoin will get back to its track and started to rise again. Many of our fellow cryptonians were taking advantage of the situation and they bought a considerable amount of coins and waiting for it to recover. We will just keep our ground and hold on till the sun shines :)
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