We get it, everybody is talking about the Bitcoin meltdown. But we have news for you: if your local currency is the USD — chances are high that it is if you are reading this — Bitcoin’s recent sell off is even worse than it appears. Before you panic, we’ll give you some perspective that will hopefully put you at ease, or scare you out of Bitcoin all together. Either way, we hope our research will help bring you out of your paralysis and push you to a conclusion.
On 12/16/2017, Bitcoin closed at a record high of 19,187 USD per Bitcoin. Since than, as of 1/25/2018, Bitcoin pulled back 41.9%. Look at the chart — scary isn’t it?