Sunday 9 June 2013
Bitcoin Low at $88
Bitcoin broke $90 earlier with a trough of $88 before climbing back to $91, situation is still very uncertain at the moment. But from what I see, there are far more buyers than sellers. I guess the worse is over. But we need to monitor. Bitcoin is extremely volatile due to the small size of its economy and relatively few users still. We need to strengthen our Bitcoin community and encourage more transactions using Bitcoin and also raise the awareness of Bitcoin before the price can stabilize.