Understanding The Fate Of Bitcoin And Cryptocurrency
We have very many stories about bitcoin changing small investments into very high returns. Bitcoin has become very popular in the world. Therefore a large number of people around the world thought that it would be the fast universal currency. Very many people are the world had turned into investing in the bitcoin.
A large number of people had majored into investing in the bitcoin because it was growing at a lower high rate. The rate at which the bitcoin grew was alarming. There came a time when the value of the bitcoin reduced drastically. When the bitcoin lost its value by a great percentage, a large number of people who the that was the end of the bitcoin time.
The true fact is that a large number of people have no clear information about the rise and fall of the bitcoin. There are different arguments from different people around the world about the demise of the bitcoin. The bitcoin is a very near currency in the market.
The truth of the matter is that the bitcoin has not died. W have ways to prove that the bitcoin still exists. 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. When it comes to investing, there can be a period 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.
The value of the currency dropped mainly because there were a reduced number of investors. The number of people who have Invested in the currency pulled out in large number hence causing a drastic reduction in the value of the currency. 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. When it comes to the time period that the bear market occurs, it maintains occurs after a period of high confirm and growth.
One of the things that promoted the loss of value of the bitcoin was that it is not a recognized form of currency in the world. It will take a long period of time for the currency to be recognized. When it comes to the bitcoin investing, there is a monetary restriction that has been set by the different countries around the world, the maintenance aim of these restrictions is to make sure that the activities of the bitcoin have been undermining. This made the bitcoin to reduce in the value.