Right. Just like in the last price fall, the cause was about an exchange being hacked. It is not about the blockchain or bitcoin. But if the problem of the drop was about blockchain or bitcoin, then it is a different story. You should always study the causes of the rise and drop of prices especially if it is too fast.
The exchange of Bitfinex hack is a big news. It means people will not store money in the exchanges, so the trading there will be lower, so will the price.
Its recovering but not with that pace that we are expecting, recovery is very slow and not sure what price it will show us in next coming days, so fingers are crossed and hoping to see higher price.
The bitcoin price is not recovering. It is bleeding slowly. I think people are moving to other more innovative coins.
yes I think people will turn to altcoin to get better profit.
many new altcoin born, and you can benefit from it. bitcoin is currently running very stable, I hope it does not fall below $500.
prices should recover to $600 to see higher price later in the year.
Majority of altcoins are pump and dump, so you should treat them accordingly, buy and sell without holding it too long as you never know whether you will see that coin tomorrow or not.
yes timing of buying and selling is very important in altcoin as you cannot afford to hold it for long term as it can disappear at any point so its better you play with in in short term.