Understanding The Fate Of Bitcoin And Cryptocurrency
We have different types of stories that have arisen on how people can put small investment in bitcoin and end up with very high returns. When it comes to the popularity of the bitcoin, it is evident that it has become more 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.
A large number of people had majored into investing in the bitcoin because it was growing at a lower 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 was a time when the value of the bitcoin reduced by a great percentage. 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.
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 currency is very new in the market.
The truth of the matter is that the bitcoin has not died. We have a large number of ways to prove that the bitcoin is still there. The bear and bull market is very good since it will play a very big role in proving that the bitcoin still exists. 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 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 normally happens after a booming period and a period of high confidence in the Investment.
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. 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.