Knowing The Fate Of Bitcoin And Cryptocurrency
We have very many stories about bitcoin changing small investments into very high returns. Bitcoin is known by a large number of people in the world. Therefore a large number of people around the world thought that it would be the fast universal currency. When it comes to the investing in the bitcoin, it is evident that a large number of people had majored 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. When it comes to the value of the bitcoin, there was a time when the value of the bitcoin decreased. A large number of people around the world thought they were the beginning of the demise of the bitcoin.
Very many people do not know weather the bitcoin is dying or not. 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.
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. The bear and the bull markets can prove that the bitcoin is still there. We have certain times when the number of investors can reduce. This is because they lack 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. The bear market period normally happens after a booming period and a period of high confidence in the Investment.
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. We have monetary restrictions that have been set so that they can undermine the bitcoin. This has made the bitcoin value to reduce.