Quote from: adzino on April 26, 2019, 10:43:50 PM

Quote from: otandelapaz on April 26, 2019, 10:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

If you look at the price chart carefully, you will see that the price of bitcoin was increasing very abnormally. That kind of rise is never healthy for the bitcoin economy. The price needed correction and then we got it. .
Yeah, the more the coin is being accepted the better the price will be.

True words. That kind of extremely fast rise is not healthy for the market at all. Everyday the amount of the people who involve with the Bitcoin is increasing. Some governments and some big companies also getting more friendly with the idea of Bitcoin use. Its highly possible this kind of improvements will impact bitcoin price in a good way.