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. 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. When it comes to the growth of the bitcoin, it is evident that the rate at which the bitcoin was growing was very high. 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 arguments, we have different arguments about the bitcoin. It is evident that the Bitcoin has not been therefore for a very long period of time.
When it comes to the existence of the bitcoin, the fact is that the bitcoin still exists. W have ways to prove that the bitcoin still exists. The bear and the bull markets can prove that the bitcoin is still there. There comes a period when the number of investors in something reduce. This is because they lack 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. This period is called the bear market period. 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. 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 also led to the drastic reduction of the bitcoin value.