[Dutchboy88]

"The price of bitcoins, snippets of digital code that can be used as money, has fluctuated wildly since the currency started trading in 2009. The price has swung from more $1,200 to less than $600, then back to around $800 in just the past two months. The most recent plunge followed news that Chinese regulators had decided to prohibit the country’s banks from dealing in bitcoin. But the Kings and other merchants that transact in bitcoins use intermediaries to rapidly convert the currency back into dollars and avoid risks from the price swings."

Excerpted from an article just now appearing on Yahoo Finance. Sounds promising if you immediately convert to US$. Wait...hmmmm.

[Database]

That merchants have a way to accept bitcoin that mitigates downside risk is great news for someone like me as it means adoption is on the way, not as a replacement for the dollar, but as a useful mechanism and medium of exchange. I’ll be able to use a convenient and secure method to make my payments. Widespread adoption should flatten out the price fluctuations eventually, though it will likely mean increases in the USD/BTC exchange rate in the short term.