Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday December 25, 2011

Is Bitcoin Making a Comeback?

Earlier this year the bottom fell out from under Bitcoin over security issues and the value hit a bottom of $2, losing 90% of its value against the dollar. From that $2 low, Bitcoin has risen to the $4 level possibly signaling a new confidence among speculators and consumers. The rise could also just be a short lived blip on the radar.

The traditional argument for Bitcoins has positioned the peer-to-peer currency as an alternative to conventional currencies like dollars, euros, and yen.