Bitcoin Drops Below $200 - Has It Lost Its Shine?

[engine]

Has the currency lost its shiny appearance. Was it just a flash in the pan, or is it readjusting as any currency would on the International markets?

Are you trading with bitcoins?

Since the beginning of the year, Bitcoin has lost more than 40 percent of its value -- going from around $320 per bitcoin on Jan. 1 to around $185 as of posting.Bitcoin Drops Below $200 - Has It Lost Its Shine? [washingtonpost.com]

[lammert]

Bitcoins are just as stock prices. The amount of bitcoins available is capped and therefore the price depends heavily on demand and number of available bitcoins for sale. There is no regulating bank which supplies extra bitcoins or buys them back to dampen price fluctuations.

If the use of bitcoins takes off and it becomes a major paying method, the first users will become the wealthiest people in the world, simply because the value of all 21 million bitcoins together can be expressed in the value of the goods bought with them.