Coinbase, one of the biggest places to buy Bitcoin, seems to enjoy with the uncontrollable decline in cryptography.
For unknown reasons, the company proudly presents a chart showing the value of Bitcoin in dollars. And it typically states: For those who bought Bitcoin in 2009 or even 2011, we can only hope that you have already sold them. For those who bought Bitcoin in 2017,…. we're sorry;
Bitcoin has touched for a short time the amount of $ 20.000 before falling in January to about half, and then plummeting throughout 2018, having now reached its current price of about $ 3.400. To understand the magnitude of the decline, Coinbase states in its chart that if at the end of 2017, a year ago, you had bought $ 100 in Bitcoin, now you have only $ 21,24.
For the optimistic, there is the thought that this is not his first prolonged fall. In 2015 and 2016 they saw a similar crash, although not so large in scale. Both times, it finally came together after a few months to new high levels of all time.
In this case, however, Bitcoin has never seen a slump of this magnitude that has remained so for so long. If you are the pessimistic guy, you can now question the true value of Bitcoin and if it ever recovers it will certainly not come close to the prices we saw last year.