The peer-to-peer currency, which has quadrupled in value in recent weeks, lost more than 60 percent of its value before a slight recovery.
http://news.cnet.com/8301-1023_3-57578985-93/bitcoin-bubble-burst-currency-suffers-dramatic-correction/Nice comments:
jzcjca000
5 minutes ago
I guess the Bitcoin glass is always half empty at CNET.
If it was any other investment, you would probably have said, "Following a stunning 1900% year-to-date increase, Bitcoin experienced a brief correction today, but quickly recovered to the highs set just three days ago, forever putting to rest any theories that this snowball might actually be a bubble."
The lesson of today's speed bump is that Bitcoin is unstoppable. Bitcoin is perhaps the most important technological innovation of our time, and the early adopters are making a fortune!
At this point Bitcoin is still a "strong buy."
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MillyBitcoin
11 minutes ago
It actually went back to where it was about a week ago. If you went on spring break you never would have known anything happened.
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