18 Apr '13, 3pm

So, Bitcoin Crashed. Now What?

This story is part of a longer trend we're tracking: The Rise Of Bitcoin: What You Need To Know Writing about Bitcoin is difficult because it's hard to determine what's actually news. Since I last wrote, Bitcoin rose above $200, proceeded to lose over 70% of its value, and is now trading at around $90 after a small recovery. Part of the reason I didn't cover these movements was that I was on vacation, but I also hesitated because Bitcoin has always been subject to wild fluctuations. Keeping track of these movements is important if you're trying to make money on Bitcoin or buy and sell products using it, but it's not really anything out of the ordinary given the history of the currency. In fact, it would be more newsworthy if, all of the sudden, it stopped fluctuating wildly. Instead, the tumultuous movement makes Bitcoin a risky investment, and most of the people who follo...

Full article: http://www.fastcolabs.com/3008505/tracking/so-bitcoin-cra...

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