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?
The huge price pump back in 2017 was made from F.O.M.O ,
And most of the investor's was just getting in and doesn't really know anything about crypto,
Most of them just bought it because of recommendation and thought that it is a quick way to be rich.
So when the market starts to crash down most of those investors have F.U.D and sold their crypto.