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?
Adaptation surely helps the market volume of cryptocurrency. The sudden drop of value last 2017 was a normal price correction since bitcoin was over valued, most likely it's caused by whales cashing out their income for patiently waiting after accumulating bitcoin when it was cheaper. So, next bull-market learn your lessons, know when to cash out.