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1. T ip s t o get
Successf ul Su r v iv a l
in a Bear Mar ket

2. M ake your
What Does Bear M arket M ean a nd Since
Long Why Bitcoin are in Bear M arket?
Bit c o in is no w o f f ic ia lly i n a lo ng e st b e a r
m a rke t e ve r. In O c t 2 018 st o c k m a r ke t
d ro p p e d ha st i ly . Bit c o i n is a
c ry p t o c ur re nc y f o r m o f d ig it a l m o ne y no t
ha nd le b y t he c e n t ra l b a n k, a n i nd iv id ua l
c a n d o t ra nsa c t io ns o r c a n se nd m o ne y
use r t o use r, p e e r t o p e e r w it ho ut a
si ng le a d m i n ist ra t io n . So m e c o m p a n ie s o r
a p p s he l p y o u t o d o sa f e C ry p t o c u r re nc y
Exc ha ng e t h ro u g h t he i r p la t f o rm s. A
c ry p t o c u rre nc y e x c h a ng e o r d ig it a l
e x c ha n g e a l lo w s c ust o m e rs t o d o t ra d i ng .

3. W it h re c e nt u p d a t e, Bit c o in ha s no w
o f f ic ia lly b e e n int o a lo ng e st b e a r
ma rke t .
Bea r ma rket 1says Bitc o in dec lined w ith 93°/o o ut of
165 da ys. Bea r ma rket 2 says Bitcoin dec line wit h
86°/o out of 410 da ys. Bear ma rket 3 says Bitc oin
dec lined wit h 82°/o out of 411 da ys and mo re.
Th is sa ys t ha t yo u sho u ld g e t o ut o f t he
ma rke t im me d ia t e ly. But w e a s a n
inve st o r d o n't kn o w w ha t d ire c t io n t he
ma rke t w ill mo ve ne xt it is u n p re d ic t a b le
it c a n g o h ig h a nd c a n g o in a b u ll
ma rke t o r c a n a lso g o in a b e a r ma rke t .
We c a n ha ve a re c e ssio n o r e x p a nsio n.
No ve m b e r 30 , 2 013 t o Fe b rua ry 21, 2 017
t he p ric e hit s a t ATH o f $ 1,101.9 a nd
c ra she s a f t e r a ma ssive e x c ha ng e ha c k t o
$ 191.36 lo si ng 8 3°/o o f it s va lue i n t he
p ro c e ss.

4. As t he sha re ma rket is
unp re d ic t a b le Bit c o in ma rke t 1s
a lso unp re d ic t a b le .
Bitc o in is not t he only c rypto c urrency that had
f a ll do w n la st yea r b ut Ripple a nd Ethereum
f elled in t he pa st yea r.
Yo u ne ve r know it c a n g row o r it c a n g o
d ow n. Bit c o in b ef o re 10 ye a rs w a s hig hly
in d e ma nd, f o r e xa mp le, o ne g uy
p urc ha se d 2 p izz a s a t 10,0 0 0 BTC a nd
now it ha s bee n v ic e ve rsa he p urc ha se d
10,0 0 0 p izz a s at 2 BTC .
Ba c k in De c e mb e r 2 017 w he n Bit c o in w a s
va lue d $ 2 0,0 0 0, it w a s like it w ill hit t he
ma rket, b ut a ye a r la t e r t hing s lo o ke d
q uit e d if f e re nt Bit c o in is now t ra d ing
b e low $ 4 ,0 0 0 a nd it c o nt inuo us t o w a rd s
d ow nw a rd sid e ove r t he la st ye a r.

5. As pe r t he a b ove g ra p h, Bit c o in is
g row ing it w a s d ow n in 2 017-18 a nd no w
sinc e M a y 2 019 it is g ro w ing .
Rea sons Why Bitcoin is in
Bear M a rket
- O ne o f t he b ig g e st p ro b le ms w it h
Bit c o in is it s a c c e pt a nc e a s a me t ho d
o f p a y me nt . Dig it a l mo ne y is a g re a t
id e a b ut w ha t if no o ne use s it f o r
p urc ha se s.
- A no t he r maj o r re a so n is t ra nsa c t io n
f e e s a nd t ra nsa c t io n c o m p le t io n t im e .
- Pe o p le a re no t a d o pt in g t his a s t he
p a y me nt me t ho d
- A t ra nsa c t io n f e e is m uc h hig he r
t ha n t he a mo unt w e t ra nsf e r re d

6. It w a s d ow n b ec a use o f ma ny re a so ns like
t he num be r o ne p ro b le m is it is
unsea la b le .
Gover nment Policy for
Bitc oin in Denmark, Europe
As a g lo b a l c u rre nt Bit c o i n is b o u nd
t o f a il . W it h e ve ry t ra nsa c t io n, f il e
g e t s b ig g e r b e c a use e ve ry
t ra nsa c t io n in Bit c o in hist o ry is
re c o rd e d a nd ke p t f o rev e r. It is
w o rkin g p re t t y w e ll f o r no w . It w il l
p ro b a b ly r ise a g a in a s lo ng a s t he
a ve ra g e use rs c a n d o w n lo a d a nd
ho ld . Eve nt ua l ly, it w il l c o m p le t e ly
f a i I.

7. C u rre nt ly, Bit c o in is n o t le g a l in o n lin e
c a sin o s a s p e r g o v e r n m e nt ru le s o f
D e n m a rk.
Gover nment Policy for
Bitc oin in Denmark, Europe
The C e n t ra l Ba n k ha s re f use d t he use o f
Bit c o in w it h in t he b o rd e rs o f De n ma rk, b ut
t he re a re f e w st a rt u ps st ill w o rking o n t he
e x c ha n g e o f Bit c o in. Af t e r De n ma rk
a n no un c e s it s p la n t o c o m p le t e ly g o
c a sh le ss in 2 015 , t he t ra d ing o f b it c o in
ha s sho w n st e a dy g ro w t h in d e ma n d f o r
t he c ry p t o c u rre nc y.
The f ina nc ia l se rv ic e s a nd g o ve rn me nt o f
D e n ma rk ha ve a n no u nc e d t ha t t he
b usine ss d e a ling i nt o b it c o in ha ve t o p a y
t a xe s. Bit c o in p o p u la rit y is h ig h in
De n ma rk.

8. The Da n is h C e nt ra l Ba n k sa ys t ha t b it c o in
is no t p ro t e c t e d b y a ny n a t io n a l la w s o r
g ua ra nt e e s, suc h a s d e p o si t g ua ra nt e e .
Scope of Bitcoin
Ac c o rd ing t o t he t a x a g e nc y o f De n ma rk
t ra d ing o f b it c o i n w ill b e t a xe d in
De n ma rk. The b it c o in m a rke t is no w g o ing
u p sinc e M a y2 019; in it ia lly, it w a s d o w n
in t he ye a r 2 017-18 a nd w a s in a b e a r
ma rke t sinc e lo ng. The b it c o in m a rke t is
u n p re d ic t a b le it c a n g o u p if t he n um b e r
o f p e o p le t ra d ing mo re f o r c ry p t o c u rre nc y
a n d it c a n g o d o w n if a n u m b e r o f p e o p le
t ra d ing le ss f o r c ry p t o c u rre nc y, it is like
d e ma nd a nd su p p ly c ha in.

9. Bit c o in c a n n o t b e u se d a s c a sh i n t h e
m a rke t t o p u rc ha se so m e t h in g a nd is n o t
le g a l t o use in D e n m a rk m a rke t .
Additional
Information
The re a re m a ny c o m p a n ie s a n d st a rt u p s i n
De n ma rk w ho ha s o p p a nd c o m p a n ie s
w e b sit e t o a llo w p e o p le t o t ra d e f o r
c ry p t o c u rre nc y, t he y a c t a s a
me d ia t o r. C ry p t o c u rre nc y
e xc ha ng e, mo ne ro b it c o in e xc ha ng e,
rip p le s e x c ha ng e, e t c . c a n b e t ra d e d
sa f e ly o n t h is p la t f o rm . The se p la t f o rms
d o no t c h a rg e f o r e xc ha ng in g b it c o in o r
c ry p t o c u rre nc y, inst a nt e xc ha ng e s c a n b e
d o ne . Y o u c a n a lso t ra c k e xc ha ng e s o n
t he ir p la t f o rms.