Greed has now turned to fear and many people have lost everything again as they have discovered that there really is no bigger fool to buy their pair.

BTC is largely unscathed and should decline slightly in February but will continue to rise this year.

There is much to be positive about if you can think about the medium to long term for this industry with all the regulatory changes that are coming for cryptocurrency developers in the US.

Be careful playing the short term right now unless you have an edge. Accept that the conditions have changed.