[2014-08-15] Price of Bitcoin Falls to $500, Lowest Level Since May

[erono]

http://www.coindesk.com/price-bitcoin-falls-500-lowest-level-since-may/

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) dropped below $500 today.

At 2.30pm UTC, the price had fallen nearly 9% to $496.27, its lowest level since 21st May, when concerns about restrictive regulation in China were widespread.

Notably, the decline below $500 was short lived, with the BPI quickly rebounding over the $500 mark to reach $512.26 at press time.

[bornil267645]

here comes another price drop. hope it doesn't sink.

[Ludi]

This price drop has been really dissapointing for me. I was just about getting ready to actually buy something with my coins then this happened. Silly to spend the coins now and lose out on so much.