As always we need to take a look at the ENTIRE set of data and not just pieces of it, and mining is a perfect example of how short term price isn't the only variable to take into account.

Looking at the markets recently one might think bitcoin is doomed to fail from all the regulations, investigations and scams.

Well, it depends on how you look at the markets. The chart on the top looks kind of bad (the last 7 days), but the bottom chart looks pretty good (the last year). Those who say Bitcoin is doing poorly are not taking a look at the bigger picture.

Source for graph 1 & 2: coinmarketcap.com