Since September last year, there has been a massive regression in all cryptocurrencies. The market has been down ever since, creating a lot of doubt and uncertainty among investors.

Guides like https://www.binaryoptions.com/broker/expert-option/withdrawal/ are trending on the Internet. This fact reflects the loss of confidence in the market, making users withdraw and lower the prices even further.

So this creates a question: is Bitcoin dead? Many experts say the opposite and encourage us to start investing immediately.

Previous Falls in the Value of Bitcoin

Cryptocurrencies are an excellent market, but they don’t skimp on volatility, so it’s normal for their price to fluctuate. Rumours of Bitcoin’s demise are nothing new in the media. This year alone, social networks have created 19 rumours about the fall of Bitcoin, which have ended up negatively influencing the token.

The main reason affecting the Bitcoin market is the measures taken by the U.S. government, raising the Federal Reserve rates. This situation shook the world market and devalued many fiat currencies and cryptocurrencies.

In addition, other factors have also influenced the fall in the price of Bitcoin. European Union economic sanctions against Russia have pushed two of the largest mining countries out of the market.

Then we have the bans made by China earlier this year. President Xi Jinping’s statements created insecurity for many users who decided to invest in other types of assets.

Experts Believe It’s a Difficult Time but Also an Excellent Moment to Invest

ReSource co-founder Ashley Taylor Buck views the current cryptocurrency situation as an advantage as it helped eliminate some useless projects. She believes that the Bitcoin market isn’t dying and is “more alive than ever” and will revive eventually.

Upward movements from the community and project financings support her theory. Generous investments such as Magic Eden represented a total of $130 million added to a falling market.

Yet, the market will take time to recover. To do so, investors must regain confidence and start supporting emerging projects again.

Thus, experts say there’ll be a clean-out of poor projects that can’t sustain themselves. This will result in a more stable crypto-environment at the beginning of next year.

This type of cleanup won’t only end up attracting back old investors but will open up the possibility for new faces. With a marketplace free of shoddy or fake projects, users will be more willing to invest without the fear of scam projects.

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• Source: Plato Data Intelligence: Platodata.ai