Quote from: aklintsevich on July 03, 2013, 07:44:22 PM

I have been monitoring bitcoin after the price of the currency collapsed from over $200 per coin. After the collapse I thought that the price would stay steady at around $100, however, this is not the case-it has gone down to about $84 currently.I believe that a currency cannot have such fluctuation for it to succeed What is the reason for this drop from $100 to $84?

To be honest at the moment bitcoin is not being used very effectively as a currency for the reasons you pointed out. Since the start of 2013 it became more of a trading commodity. Other coins might have a better chance as a future trading currency (litecoin) and bitcoin may be used in the future as a store of wealth. Thats my take on it!