We have very many stories about bitcoin changing small investments into 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. Very many people are the world had turned into investing in the bitcoin.
When it comes to the investing in the bitcoin, very many people around the world had turned into investing in the Bitcoin best it was booming. The value of the bitcoin was increasing at a very high rate. 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.
A large number of people have no clear information 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.
When it comes to the existence of the bitcoin, the fact is that the bitcoin still exists. When it comes to the ways of proving the existence of the bitcoin, we have very many ways. 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.
This will make the value of the currency to reduce. 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.
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 has also led to the drastic reduction of the bitcoin value.