Bitcoin has fallen for the same reasons. More sellers than buyers and bad publicity.
While that may be partly true, I believe the price of BTC has fallen for various other reasons as well.
- The sheer number of ICO's that are coming out in rapid fire per day/week, people are investing in that rather than Hodling BTC
- The people who bought in at the top have been selling at the first signs of a rise to try and get some money back (weak hands)
- And the fact that Bitcoin was due for a correction and with so many ICO's and new coins flooding the market, especially ERC20 tokens more money is being spread around these coins. And that is obvious by the BTC dominance which sits at around 35% but was recently as low as 32% for a few weeks when previously it usually sat around the 50%-ish mark.
So until more people come into Crypto and the market capitalization grows to around the 700M mark again we will see what we are seeing today.
Pathetically, Bitconnect which you still support, like any scamming coin also has scared away thousands of new investors or believers in Crypto, many of them had their first dabble at Crypto after friends and family, not just the Youtubers asked them to give it a go and showed them their potential ROI's, now those people have been burned, many will not come back.
That applies for any of the snake infested lending platforms, because even with good intentions, which many of them do not have, they still promise unrealistic returns and are not self sustainable or the people running them are criminals or a combination of the two.
I personally believe Bitconnect did not die because it was a Ponzi, I think it died because those running it, rather than just freezing further loans, not doing a dodgy ICO, making up false Ddos attacks and blaming Texas fud, actually could have kept running and paid people, but they chose instead to do a runner with Millions of dollars stolen from the general pulic.
So in summary to my rant, Fuck Bitconnect, Fuck any idiot that still supports it or thinks it will re-surface and long live BTC, looking forward to seeing it break 25k by the end of the year. 
P.S The BTC FUD you posted about India is incorrect.
Did you see the video I linked to? The promoters weren't scared to have a conference on 28th January and there was some sort of signed agreement with people who argued with them there. They said they would sort something out within 10days so that date is coming soon.
https://www.youtube.com/watch?v=s-4skPP-8KM"I made this video to share my experience going to Bitconnect conference on 28th January 2018. Because got so many questions on facebook, telegram, whatsapp, etc. I rushed this video quickly to inform how it went down.
The conference starts off with basic introduction regarding bitcoin, blockchain, mining, which I skipped because uncessary. Then when the Indonesian promotor Mr Yuris Prasetya starts his presentation, a member of the audience confronted him as you can see in the clip I have provided.
As it turns out the promotors have decided to answer and discuss all complaints and concerns (despite various threats). So the discussion moved to a private room full of upset investors (small to very large sums).
The promotors addressed that there will be attempts by the developer (which they claim have no control over) to compensate investors through their main program BCX (Bitconnect Exchange) and staking BCC. However this is deemed unnecessary by the investors because Bitconnect need to sort out and be fair regarding the capital release fiasco before moving on to further projects and events. No one will back their events and programs because the confidence is at all time low.
It is then agreed that Mr Santoso as the main Indonesian promotor will represent our dispute to become our voice. He is likely to cordinate with other global promotors and developers to come up with solid and concrete solution for investors. 10 days is the deadline.
Personally I am surprised Mr Santoso and his team are willing to go through all this. They booked the event beforehand, still go through with it despite BCC was doing horrible, and angry mobs will show up with threats. Because he understand what the investors are going through and wanted to communicate with all of them through this event. Half of the attendees were upset investors and the other half are BCC loyal and supporters.. probably 50-50. I don't think there are any newcomers to Bitconnect in this event.
I am in the private whatsapp group to keep everyone posted of the latest news from Mr Santoso. Lets all pray and hope there will be a better and more positive outcome from Bitconnect developers.
If you are here to post negative, mock and telling people to be suicidal, please go elsewhere because I post my videos for information to people who are in Bitconnect and those who are not in Bitconnect but can chill about the whole thing."
) 
Random word generator? 
