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. Since Bitcoin has become more popular in the world, a large number of people in the world thought it would be the fast universal currently. 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.
A large number of people had majored into investing in the bitcoin because it was growing at a lower high rate. The value of the bitcoin was increasing at a very high rate. 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. There are different arguments from different people around the world about the demise of the bitcoin. It is evident that the Bitcoin has not been therefore for a very long period of time.
Very many people in the world think that the bitcoin is dying, however, the truth of the matter is that bitcoin still exists. W have ways to prove that the bitcoin still exists. The bear and bull market is very good since it will play a very big role in proving that the bitcoin still exists. There comes a period when the number of investors in something 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 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. When it comes to the legally of the currency, it is everything that it will take a very long period of time 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.