Cryptocurrencies enjoyed a brief moment in the limelight upon their introduction, even as they promised a new universal payment method for online monetary interactions – with leading the way.
Quickly, however, the downside to non-government affiliated currencies became more than apparent. They were unregulated and, therefore, dangerous in more ways than one.
Bitcoin lost their footing at the close of 2013 when its market price hit $1,147 on November 29. Not only were users losing interest, but so were investors. After the fall, prices languished for many months in the $200-$300 range.
http://www.investing.com/analysis/bitcoin-is-hot-again%E2%80%A6-but-for-how-long-200137465
