Thanks for sharing this @zer0hedge, it gives a great insight in to the overall price of Bitcoin through the years, and it is terrible to see that it has had such a bad start to the year.
I think that there are many reasons as to why this has happened, but it is more important to look at why its growth has been slowed so much. The main reasons that I can see are the negative press stories being over dramatised by the media, while positive stories being less shared and vocalised, which has led to an imbalance in the growth of cryptocurrencies.
I am currently running a Steemit Growth Initiative, in which I plan to help Steemit grow and its users grow by running Steemit advertising campaigns, as well as upvoting the posts of undervalued bloggers on this platform. I would greatly appreciate your support with this project! All upvotes will be put towards the project, and I am also actively seeking Steem Power Delegation. You are one of my favourite Steemians in terms of content, and I would really appreciate if you had any help to offer.
BTC is the big brother on the block. He is standing out front taking the beating from all the bullies in the neighborhood. While he is doing this, the others are protected.
Only a few alt-coins are in the mainstream radar...ETH and XRP are about the only other ones people can name. Even so, BTC is the punching bag. We all should be appreciative for what BTC does for us...it takes the blows and keeps coming back for more. This allows projects like STEEM to fly under the radar while it gets things in order. STEEM is going to slingshot to incredible heights once it starts its upward move.
I foresee a bigger move up, percentage wise, in STEEM than BTC. That said, I see BTC moving up significantly higher from these levels.
Big brother is down but not out. He will step up and kick the crap out of the bullies. Michelle Lee on CNBC might end up crying.