05 Jul '13, 8pm

As Bitcoin’s dollar exchange volume slips, the virtual currency’s value continues to fall by @alex

The price of Bitcoin is slipping, corresponding to a decline in its exchange volume to dollars, and a decidedly negative operating margin for those working to ‘mine’ the currency. Currently, Bitcoin trades for roughly $73 . The dizzying assent of Bitcoin was followed by a predictable fall. What would come next for the virtual currency, however, was an open question. Advocates of Bitcoin predicted a reinflation of its value, and deeper integration of it into the financial world and lives of its users. Undoubtedly, Bitcoin has found new entrance and exit points into the Internet realm, with companies that are fans of the currency now accepting it as payment in lieu of traditional money. However, now in its post-explosion phase, Bitcoin appears struggling to hold its inherently invented value. That isn’t as pejorative as it sounds: the current currency market depends on trust...

Full article: http://thenextweb.com/insider/2013/07/05/as-bitcoins-doll...

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As Bitcoin’s dollar exchange volume slips, the ...

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