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. 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 value of the bitcoin was increasing at a very high rate. 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.
Very many people do not know weather the bitcoin is dying or not. When it comes to the stories and the bitcoin, we have very different stories from different people about the rise and fall 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. When it comes to the ways of proving the existence of the bitcoin, we have very many ways. 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.
Due to the reduction in the number of Investor in the currency, it made the value of the currency to drop. 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 occurs after a time of high confidence and booming.
When it comes to the legality of the bitcoin, it is evident that it lost value because it is not legal. 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. The monetary restrictions made the Bitcoin to reduce its value.