As the share market is unpredictable Bitcoin market is also unpredictable. You never know it can grow or it can go down.

1. P u b l i s h e d B y :
What Does Bear Market
Mean and Since Long Why
Bitcoin are in Bear
Market?
Tips to get
Successful Survival
in a Bear Market
w w w . e v o n a x . c o m

2. Make your
What Does Bear Market Mean and Since
Long Why Bitcoin are in Bear Market?
Bitcoin is now officially in a longest bear
market ever. In Oct 2018 stock market
dropped hastily. Bitcoin is a
cryptocurrency form of digital money not
handle by the central bank, an individual
can do transactions or can send money
user to user, peer to peer without a
single administration. Some companies or
apps help you to do safe Cryptocurrency
Exchange through their platforms. A
cryptocurrency exchange or digital
exchange allows customers to do trading.
Bear market means share prices
continuously falling in the market.

3. Bear market 1 says Bitcoin declined with 93% out of
165 days. Bear market 2 says Bitcoin decline with
86% out of 410 days. Bear market 3 says Bitcoin
declined with 82% out of 411 days and more.
This says that you should get out of the
market immediately. But we as an
investor don’t know what direction the
market will move next it is unpredictable
it can go high and can go in a bull
market or can also go in a bear market.
We can have a recession or expansion.
November 30, 2013 to February 21, 2017
the price hits at ATH of $1,101.9 and
crashes after a massive exchange hack to
$191.36 losing 83% of its value in the
process.
With recent update, Bitcoin has now
officially been into a longest bear
market.

4. Bitcoin is not the only cryptocurrency that had
fall down last year but Ripple and Ethereum
felled in the past year.
You never know it can grow or it can go
down. Bitcoin before 10 years was highly
in demand, for example, one guy
purchased 2 pizzas at 10,000 BTC and
now it has been vice versa he purchased
10,000 pizzas at 2 BTC.
Back in December 2017 when Bitcoin was
valued $20,000, it was like it will hit the
market, but a year later things looked
quite different Bitcoin is now trading
below $4,000 and it continuous towards
downward side over the last year.
As the share market is
unpredictable Bitcoin market is
also unpredictable.

5. Reasons Why Bitcoin is in
Bear Market
- One of the biggest problems with
Bitcoin is its acceptance as a method
of payment. Digital money is a great
idea but what if no one uses it for
purchases.
- Another major reason is transaction
fees and transaction completion time.
- People are not adopting this as the
payment method
- A transaction fee is much higher
than the amount we transferred
As per the above graph, Bitcoin is
growing it was down in 2017-18 and now
since May 2019 it is growing.

6. Government Policy for
Bitcoin in Denmark, Europe
As a global current Bitcoin is bound
to fail. With every transaction, file
gets bigger because every
transaction in Bitcoin history is
recorded and kept forever. It is
working pretty well for now. It will
probably rise again as long as the
average users can download and
hold. Eventually, it will completely
fail.
It was down because of many reasons like
the number one problem is it is
unscalable.

7. Government Policy for
Bitcoin in Denmark, Europe
The Central Bank has refused the use of
Bitcoin within the borders of Denmark, but
there are few startups still working on the
exchange of Bitcoin. After Denmark
announces its plan to completely go
cashless in 2015, the trading of bitcoin
has shown steady growth in demand for
the cryptocurrency.
The financial services and government of
Denmark have announced that the
business dealing into bitcoin have to pay
taxes. Bitcoin popularity is high in
Denmark.
Currently, Bitcoin is not legal in online
casinos as per government rules of
Denmark.

8. Scope of Bitcoin
According to the tax agency of Denmark
trading of bitcoin will be taxed in
Denmark. The bitcoin market is now going
up since May 2019; initially, it was down
in the year 2017-18 and was in a bear
market since long. The bitcoin market is
unpredictable it can go up if the number
of people trading more for cryptocurrency
and it can go down if a number of people
trading less for cryptocurrency, it is like
demand and supply chain.
The Danish Central Bank says that bitcoin
is not protected by any national laws or
guarantees, such as deposit guarantee.

9. Additional
Information
There are many companies and startups in
Denmark who has app and companies
website to allow people to trade for
cryptocurrency, they act as a
mediator. Cryptocurrency
exchange, monero bitcoin exchange,
ripples exchange, etc. can be traded
safely on this platform. These platforms
do not charge for exchanging bitcoin or
cryptocurrency, instant exchanges can be
done. You can also track exchanges on
their platforms.
Bitcoin cannot be used as cash in the
market to purchase something and is not
legal to use in Denmark market.