Bitcoin has experienced various price fluctuations since its inception, rising from around $100 to over $1,100 per coin over the course of 2013, falling almost to $200 by the end of 2014, rising back to around $450 by 2015’s close, and is currently valued close to $400, with minor fluctuations continuing daily. Price uncertainty such as this poses a particular challenge to businesses depending on a reliable stream of income to operate.
However, despite these major fluctuations in the price of Bitcoin, the total number of transactions has steadily been rising. Merchant service BitPay charted their transaction volume against the price of Bitcoin, and found their transactions were also steadily increasing regardless of price fluctuations.
CoinTelegraph spoke to several business owners who accept Bitcoin, as well as a BitPay representative, about the effects of price fluctuations on business.
Read more: http://cointelegraph.com/news/bitcoin-businesses-price-fluctuation
Topic: [2016-01-31] Bitcoin Businesses Resilient Despite Price Fluctuations (Read 264 times)
January 31, 2016, 12:25:04 PM
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