[2014-08-06] Bitcoin trades slump as cryptocurrency's rise stalls

[erono]

http://www.telegraph.co.uk/finance/currency/11013767/Bitcoin-trades-slump-as-cryptocurrencys-rise-stalls.html

 The ascent of digital currency Bitcoin has been halted. Transaction levels have been crumbling this year, and priced in dollars total volumes are now back to the levels seen in 2012.

Widely touted as a rival to traditional state-issued currencies, cryptocurrencies such as Bitcoin became increasingly popular late last year.

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[Kprawn]

"Investors in Bitcoin have suffered a strong correction, but the currency continues to trade at levels more than five times higher than a year ago." Why are they worrying?

This is just a small bump in the road, and a less volatile currency, everyone has been asking for. It will go up, again when demand for the coins increase. The hoarders just went on a little spending spree at Dell for a while, making more coins availlable again, and thus pushing the price lower, it will be stable for a while, and then it's going to climb. 

[marcus_of_augustus]

And how were off-chain transactions counted I wonder?

Blind leading the stupid.

[Kprawn]

This guy is full of shit... Best part of the article is the comments. 

This is the best one -->  Mirco Romanato • 20 hours ago

Bitcoin is a small Zodiac floating side by side with the Titanic (USD).
The waves of the ocean make it go up and down and it is very unstable and uncomfortable
But the US$ is the Titanic. Comfy, stable and slowly sinking.
Where smart people would prefer to be: on the Zodiac or on the Titanic?