Hi,
For what it's worth, I don't think the crypto currencies have been around long enough, for us to be paying too much attention to graphs (and that is not to say that I have not looked at graphs for price performance quite a few times myself, over the last few months).
There is absolutely no disputing the fact that there's been a massive drop in the price of almost all cryptos in recent months.
People that I speak with who have invested in cryptos (including some who are very active in the markets, albeit trading on their own accounts), are generally of the view that things are going to remain extremely volatile until after the Chinese new year, but they expect things to settle down from the end of February an investors to begin to push prices up again thereafter.
I think what's going on in Asia (be it people withdrawing cash to spend on New Year celebrations, or be it concerns regarding regulatory changes in South Korea etc.) is only part of the issue, as I also think there is pressure being placed on the cryptos by world regulatory authorities, certain banks refusing to process transactions across their credit cards, or in some instances process transfers to and from the crypto exchanges. For me, it could well be the summer before things settle down in the crypro currency markets and at that stage, prices may look extremely cheap compared to what we've been looking at for much of the last six months. Between now and then, there's probably potential decent profits to be made if you are prepared to take big risks and watch the screens 24/7, but lets not forget there's also the risk of massive losses.
