Understanding The Fate Of Bitcoin And Cryptocurrency
When it comes to the stories about bitcoin, there are very many stories on how the bitcoin has changed the small investments of the people into high returns. Bitcoin is known by a large number of people in the world. Very many people thought that the bitcoin would be the fast universal currency in the world, this is because it was known by a large number of people. A large number of people had turned into investing in the bitcoin.
This is because the investment now was booming at a very high rate. The rate at which the bitcoin grew was alarming. There came a time when the value of the bitcoin reduced drastically. There was a time when the bitcoin reduced by a great percentage, this made very many people think it was the end of the bitcoin.
Very many people do not know weather the bitcoin is dying or not. When it comes to the stories and the bitcoin, we have very different stories from different people about the rise and fall of the bitcoin. The bitcoin currency is very new in the market.
Very many people in the world think that the bitcoin is dying, however, the truth of the matter is that bitcoin still exists. We have a large number of ways to prove that the bitcoin is still there. When it comes to the ways of proving the existence of the bitcoin, the bear and the bull Mark is one of the ways of proving that the bitcoin has not died. We have certain times when the number of investors can reduce. The can be a reduction in the number of investors, due to a lack of confidence in the Investment.
This will make the value of the currency to reduce. The reduction of the numbers of investors can be due to the pulling out of the investment. The bear market period is a period by which there is lack of confidence in the Investment hence making the number of investors to reduce, this will impact the currency negatively since there will be a drastic decrease in the value of the currency. The bear market period occurs after a time of high confidence and booming.
The bitcoin lost value because it is am illegal currency. The bitcoin will have to go through a very long process before it is legalized here. There are also monetarily restrictions that have been set to undermine the bitcoin activities. This has made the bitcoin value to reduce.