The Death Of Cryptocurrency? Or Just another Unjustified Panic?

With roughly a 33% loss just from Bitcoin in the last month, panic is setting in as the cryptocurrency market keeps heading lower and lower. Much of this is due to a few things. Firstly India is trying to tax Bitcoin, which is creating a bit of panic, with governments getting involved in crypto who knows what will happen. This is a valid concern, as we all know governements are corrupt entities that love to steal your money in the form of taxes. The second thing that is causing this downturn is the anticipated software update for Bitcoin. The truth is that we don't know if this will work well or be a complete disaster, but we do know that it is not putting people at ease. Everything is going to be fine people, this is Y2K all over again. You have a very smart vested group of people who want to make this transition as successful as possible. I've also started to see significantly more coverage of cryptocurrencies by the mainstream media. All of the articles talk about what a bad investment they are, and how they will all be worthless. At this point you should believe the exact opposite that the mainstream media says. They were so accurate with their Clinton polls weren't they. At this point I'm amazed that anyone believes anything the mainstream media even says. Overall, this is Just another Unjustified Panic. I wouldn't be surprised to see a massive turn to the upside for cryptos next month.