Hello trader's , Good morning
Bitcoin is down 42% in a month and down 45% since the high in December.
Let's say you sold your house for Bitcoins back in December for $100,000. Today you would only have $55,000. I don't know about you but if I did that I would be very upset.
Let me be clear about this: Bitcoin is worth absolutely nothing.
The reason is real money has the backing of a country so if the value goes down the country rushes in to save it with tools to prop it back up. They do that by adjusting the economy or pumping it up with gold reserves.
Bitcoin does not have a country backing it so there is absolutely no value in it. When it crashes no goverment is going to rush in to save it.
