There have been numerous theories floating on about bitcoin going out of market in a quicker pace than its rise. Bitcoin is a topic that can and has been discussed again and again with different opinions from all types of people sharing their experiences with this new tool and its impact on their lives.
It is a phenomenon that cannot be explained as no words can do justice to describe the revolution that it brought and what all aspects it contained to be known as the ‘king of digital currency’ at one point of time.
The crypto-currency or, to put it simply, digital currency revolution came with the emergence of social media in the new millennium with new hopes for the market as everything went digital and online access of internet, which was limited to computers, was now transferred to the mobile phone.
Bitcoin can be safely termed as the most popular branch of crypto-currency that has elevated the currency market to a whole new level and opened the doors far and wide for other similar ventures to try their hand at crypto-currency, restoring faith in this new phase with litecoin and ripples showing additional hints of success.
The prices are fluctuating time and time again and have been enclosed in a tight range with the volatility factor in control and the liquidity being at a somewhat stagnant and steady pace.
While bitcoin can be said to be in its twilight phase after basking in glory for some years, the last recorded collection was ranging between $5600 to $7000, which is a step in the right direction and boosts the confidence of investors to make big bets while playing safe at the same time.
With Christmas being right around the corner, a further dip in the price is only to be expected with the holiday season being a time for rest and relaxation. So, you will have to wait until new year for fresh market prices.