We have very many stories about bitcoin changing small investments into very high returns. Bitcoin has become very popular in the world. Therefore a large number of people around the world thought that it would be the fast universal currency. 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. The value of the bitcoin was increasing at a very high rate. There was a time when the value of the bitcoin reduced by a great percentage. A large number of people around the world thought they were the beginning of the demise of the bitcoin.
The true fact is that a large number of people have no clear information about the rise and fall of the bitcoin. 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 currency is very new in the market.
The truth of the matter is that the bitcoin has not died. W have ways to prove that the bitcoin still exists. When it comes to the ways of proving the existence of the bitcoin, the bear and the bull Mark is one of the ways of proving that the bitcoin has not died. We have certain times when the number of investors can reduce. When it comes to the investment, there can be a period when the number of investors can reduce mainly because they lack 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 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. When it comes to the time period that the bear market occurs, it maintains occurs after a period of high confirm and growth.
When it comes to the legality of the bitcoin, it is evident that it lost value because it is not legal. 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 made the bitcoin to reduce in the value.