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Old 04-05-2011, 04:10 PM  
MyBitcoin
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Join Date: Nov 2010
Posts: 50
That doesn't prove anything.

The market capitalization is only ~$4 million dollars right now. This is the operating economy of a small town. You can't compare it to the currency of the country of Sweden, for example.

It is true that the exchange rate can be volatile at times. You have to keep in mind that this is still a fairly new currency. Usually the rate seems to hover around $0.75 per Bitcoin most of the time. What happened yesterday was an anomaly (someone probably sold a LOT of them all at once) and the price quickly recovered.

Last edited by MyBitcoin; 04-05-2011 at 04:14 PM..
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