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. Therefore a large number of people around the world thought that it would be the fast universal currency. Very many people are the world 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. 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. 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.
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. When it comes to investing, there can be a period when the number of investors can 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 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 period by which the number of investors reduces thus causing a reduction in the value of the currency is called the bear market period. The bear market period normally happens after a booming period and a period of high confidence in the Investment.
When it comes to the legality of the bitcoin, it is evident that it lost value because it is not legal. 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. The monetary restrictions made the Bitcoin to reduce its value.
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