Bitcoin fell by 2.16% on Friday, following on from a 5.13% slide on Thursday, to end the day at $3,281.7.

It’s been a tough week, month and year for the Bitcoin bulls, with Bitcoin down 6.4% for the current week, 18.7% for the current month and a whopping 76.2% for the current year. If you take the peak, the bulls are down 83.5%.

In the words of Isaac Newton, ‘what goes up must come down’ and nothing has proven Isaac Newton’s theory more than the cryptomarket.

It wasn’t long ago when even the likes of George Soros, well a long time ago in crypto months, publicly announced an interest in investing in the cryptomarket. The April comments may have been considered, by some at least, as late April foods day humour.

After all, it was just a few months earlier that Soros, along with other leaders of the financial world, lambasted Bitcoin and the market in general.

Let’s not forget JPMorgan Chase CEO Jamie Dimon, who made plenty of headlines following some particularly critical comments, while admitting that his daughter had invested.

The bearish, well negative, sentiment has been justified and Bitcoin ended Friday at levels not seen since last summer, which was another poignant moment in the world of crypto, the arrival of Bitcoin Cash.

Touted as the one to topple Bitcoin, last month’s hard fork certainly seemed to have been the last nail in the coffin for the Bitcoin Cash family and, self-proclaimed Satoshi’s Bitcoin Cash SV crypto did few favours to a market in dire need of support, which begged the question of whether the actual creator of Bitcoin would induce such a cataclysmic event that would push back the adoption of cryptocurrencies as an alternative to fiat currency by years.

The total cryptomarket cap struck a year low $101.04bn in the early hours of this morning, holding on to the coveted $100bn with both hands and, even though Bitcoin is finding some much needed support through the early hours of this morning, it’s hard to imagine many jumping into the market on its current downward path.

‘What a difference a day makes, in the soulful words of Dinah Washington….

This time last year, those who weren’t in Bitcoin will have been talking about the “what ifs”…

If only I had just invested a few hundred a few years back…

Unfortunately for some and, quite possibly many, the Bitcoin story has become a cautionary tale. Losing 83.5% of a few hundred bucks is palatable, losing 83.5% of a tidy return or even of a single Bitcoin at $20,000 is less so.