T ip s t o get S uc ce s s f u l S u r v i v a l i n a Be a r Ma r ke t
M ake your Wha t Does Bear M arket M ean a nd Since Long Why Bitcoin are in Bear M arket? Bit c o i n i s n o w o f f i c i a ll y i n a l o n g e st b e a r m a r ke t e v e r . I n O c t 2 018 st o c k m a r ke t d ro p p e d h a st i ly . Bit c o i n is a c ry p t o c u r re n c y f o r m o f d i g it a l m o n e y n o t h a n d l e b y t h e c e n t r a l b a n k , a ni n d iv i d u a l c a n d o t r a ns a c t i o n s or can s e nd mo ney u s e r t o us e r , p e e r t o p e e r w it h o ut a s i n g l e a d m i n i st r a t i o n . S o m e oa m i el sp y o u t o d o sa f e C ry o rp t o c u r p pp sa n he re nEx c yc h a n g e t h ro u g h t h e i r p la t f o r
c
ms . A c ry p t o c u r r e n c y e x c h a n g e o r d i g it a l e x c h a n g e a l l o w s c u st o m e rs d ing .
to do
t ra
W it h re c e n t u p d a t e , Bit c o i n h a s n o w o f f i c i a l ly
b e e n i nt o a l o
n g e st
b e a r m a r ke t .
Bea r m a rket 1 sa ys Bitc o in d e c lined w ith 93째/o o ut of 165 d a ys. Bea r m a rket 2 says Bitc o in d e c line w i t h 86째/o o ut of 410 d a ys. Bear m a rke t 3 says Bitc o in d e c lined w i t h 8 2째/o o ut of 411 d a ys a n d m o re. T h i s s a y s t h a t y o u s h o u l d g e t o ut o f t he m a r ke t i m m e d i a t e l y. Bu t w e a s a i nvne st o r d o n ' t k n o w w h a t d i re c t i o n t mhaer ke t w i l l p re d ic t a b le it can in a in a
mov e
n e x t it
g o h ig h a nd
is u n
c a n go
b u ll m a r ke t o r c a n a l so
b e a r m a r ke t . W e c a n h a v e
re c e ss io n
go a
o r e x p a ns i o n .
t No h ev perm i c beehr it 30 s a t, A T H2 013 t o Fe ba r u a $ 1,101.9 da ng e ha c k t c ry r aos fh e s a f t e21, r a 2m017 a ss iv e e x cn h o $ 191.36 l o s i n g 8 3째/o it s v a l u e i n t he of p ro c e ss .
A s t h e s h a r e m a r ke t is u n p r e d i c t a b l e Bit c o i n m a r ke t 1 s a lso u n p r e d i c t a b l e . Bitc o in is n o t t he only c rypt o c ur rency t h a t ha d f a ll d o w n la st yea r b ut Ri p p l e a n d Et he reum f e l l e d in t he p a st yea r. Y o u ne v e r k no w it c a n g r o w o r it c a n g o d o w n. Bit c o i n
b ef o re
10 y e a rs w a s
h i g h l y i n d e m a nd , f o r e x a m p l e , o p u rc se d 2 p i z z a s a t 10,0 0 0 BTC a neha g uy nd no w i t ha s b e e n v i c e v e rs a he p ur c ha se d
10 ,0 0 0 p iz z a s a t 2 BTC . Ba c k i n De c e m b e r 2 017 w he n Bit c o i n w av sa l u e d $ 2 0 , 0 0 0 , it w a s l i ke it w i ll h it t h em a r k e t , b ut a y e a r l a t e r t h i ng s l o o ke d t e d i f f e r e nt q ui Bi t c o i n is b eno l oww $t4r ,a0d0 i0nga nd it c o n t i n u o us t o w a rd s d o w nw a r d s i d e o v e r t h el a st y e a r .
A s p e r t h e a b o v e g ra p h , Bit c o i n g ro w i nisg it w a s d o w n i n 2 017 -18 a n d no w s i n c e M a y 2 019 it is g ro w i n g .
Re a so ns Why Bitcoin is in Bear M a rket - O n e o f t h e b ig g e st p ro b l e m s w i t hc o i n is it s a c c e p t a n c e a s a m e t Bit ho d o f p a y m e nt . D ig it a l m o ne y is a g re a t id e a b ut w h a t if n o o n e u se s it
f o r p u r c h a se s
. - A n o t he r m a j o r re a so n is t r a n sa c a dnosap tc in g tnh isc oa m s tphlee t t-i oPe no f epel es a ar en dn o tt ra t io i o n t im e . p a y m e nt m e t h o d - A t r a n sa c t io n f e e is m uc h t hhig ah n et rh e a m o u n t w e t r a n sf e r re d
It w a s d o w n b ec a use o f m a ny re a so n sl i ke t h e n u m b e r o n e p ro b le m is it is u n se a la b le .
Gover nment Policy f or Bitc oin in Denma rk, Europe A s a g lo b a l c u r r e n tBi t c o i n is b o u n d t o f a i l . W it h e v e ry t r a n s a c t i o n , f ile g e t s b ig g e r b e c a u se e v t rae nrysa c t io n i n Bit c o i n h is t o ry rise c o r d e d a n d ke p t f o r e v e r . It is w o r kin g p re t t y w e l l f o r n o w . It w ipl lr o b a b ly r ise a g a i n a sl o n g a s t haev e ra g e us e rs c a n d o w n lo a d a n d h o ld . Ev e nt u a l ly, it
w il l
co
m p l e t e ly f a i I.
C u r r e n t l y , B it c o i n i s not le g a l in o n line c a s ino sa s p e r g o v e rn m e nt r u l e s o f De nma r k .
Gover nment Policy f or Bitc oin in Denma rk, Europe T h e C e n t r a l Ba n k h a s r e f u se d t h e u s e o f Bit c o i n w it h i n t he b o rd e rs o f D e n r ka, rbeuft e w st a rt u p s st i ll w o r k i n g o n tm h ea re t he e x c h a n g e o f Bit c o i n . A f t e rD e n m a ar kn n o u n c e s it s p l a n t o c o m p l e t e lyg o c a s h le ss
i n 2 015 , t he t ra d i n g
b it c o i n h a s s h o w n st e a d y g ro w t h
of in
d e m a n d f ot hr e c ry p t o c u r r e T h e f i n a n c ni ac ly.s e rv i c e sa n d g o v e r n m e n t o f D e n m a rk ha ve a n no u nc e d t ha t t he b us i n e s s d e a l i n g i nt o b it c o i n h a v e t o p a y t a x e s . Bit c o i n p o p u l a r it y i s h ig h i n De n ma r k .
T h e D a n is h C e n t r a l B a n ks a b it c o ys t ha t in i s n o t p r o t e c t e d b y a n y n a t i o n a l la w s o r g ua ra nt e e s , s uc h a s
d e p o s i t g ua ra
nt e e .
Scope of Bitc oin A c c o rd i ng t o t he t a x a De n m a g e nt cr ya d i n g o f b it c o i n ow f i ll b e t ar kx e d D e n m a r k . T ihneb it c o i n m a r k e t is no w g o ing u p s inc e M a y 2 019; in it i a l ly, i t w a s d o w n i n t h e y e a r 2 017 -18 a n d
wa
msa r in ke tas i nbceealo r n g . T h e b it c o in m a r k e t is u n p re d i c t a b l e it c a n g o u p i f t h e n u m b e orf p e o p l e t r a d i n g m o r e f o r c ry p t o c ua rnre d nitc yc a n g o d o w n if a n u m b e r o f p e o ptler a d i n g l e ss f o r c ry p t o c u r re n c y , it is l i ke d e m a n d a n d s u p p ly c h a i n.
B it c o i n c a n n o t b e u s e d a s c a s h i n t he m a r k e t t o p u r c h a s e s o m e t h in g a n d is n o t le g a l t o u s e i n D e n m a r k m a r k et .
Additional Information T h e r e a re m a ny c o m p a n i e s a nd st aDrte unpmsa ri kn w h o ha s o p p a ndc o m p a n ie s w e b s it e t o a ll o w p e o cp ry l e ptt oo ct ur ar rdeen cf y, o r t h e ya c t a s a m e d i a t o r . C ry p t o c u r r e e x c h anncgy e , m o n e r o b it c o i n reixp cp hl easnegxec, h a n g e , e t c . c a n b e t r a sd a feed ly o n t h i s p l a t f o r m . T he s e p l a t f o rms d o no t c h a rg e f o r e x c ha ng or cinrygpbt ito cc uo ri nr e n c y, i n st a nt e x c ha ng e s c a n b e d o ne . Y o u c a n a ls o t ra c k e x c ha n g e s o n t h e i r p la t f o r m s .