Bitcoin flash crashed on one the third-largest exchange today, falling as low as $309 after falling below $500 for the first time since May. Prices rebound to around $468 but are still down more than 5% today and $100 in the past week.
Bitcoin
The buzz has faded in Bitcoin and it’s needs to show signs of becoming a mature, stable market. I still fail to see any way that Bitcoin can displace modern currencies or cost or ease of use.
Here is the problem… You can:
A) Register at a Bitcoin exchange, transfer money (wait a couple of days), buy Bitcoin, pay commission, store it yourself and risk losing it, hope like hell it doesn’t fall.
B) Just use PayPal or a credit card
