why the price of bitcoin is in a downtrend

Why the Price of Bitcoin is in a Downward Trend

Bitcoin’s volatility has returned in full swing, with the digital currency dropping to new 2014 lows in the $450.00-500.00 range. There remains many theories regarding the cause for this downtrend, but an inevitable fact remains that companies are continuing to accept bitcoins through intermediaries, having the intermediaries exchange them for fiat currency thereafter.
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black market bitcoin

Has the Black Market Fully Utilized Bitcoin?

As far as black market activities go, Silk Road takes the spot for being the most notorious marketplace for buying illegal goods with bitcoins. After that got shut down, there hasn’t been another clear go-to marketplace for people interested in digital commerce for illegal goods. The US Marshall recently auctioned off a good majority of the bitcoins Silk Road made, yet as far as physical person-to-person transactions go, there hasn’t been much enforcement when illegal goods were being exchanged. Continue reading

are companies accepting bitcoin causing selling pressure?

Are Companies Accepting Bitcoin Causing Selling Pressure?

Reports of companies both large and small accepting bitcoin is becoming quite an often trend, with large corporations like Dell being the latest to announce their acceptance towards bitcoin. While such news would seem to be positive at first glance, it won’t create the supposed positive impact until the world begins to view bitcoin from a different light. Continue reading