Bitcoin's price fell quite sharply over the weekend, following the publication of Mr Hearn's blog. One bitcoin is now worth $380 (£265), down from about $430 on Thursday. However, the price of Bitcoin is notoriously volatile. It has been classed as the best performing currency in the world in 2015. But authors of that analysis, The Money Project, also noted it was the worst performing currency the previous year. Besides price, Bitcoin has also suffered from a litany of cases in which bitcoins have been stolen from online exchanges in which they were stored, in some cases due to negligence or poor security. Such incidents generally result in a complete loss of funds for the victims, since it is very difficult to trace where stolen bitcoins have been transferred. Meanwhile, the currency continues to grow - a sign of good things to come, say many.
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Bitcoin's price fell quite sharply over the weekend, following the publication of Mr Hearn's blog. One bitcoin is now worth $380 (£265), down from about $430 on Thursday. However, the price of Bitcoin is notoriously volatile. It has been classed as the best performing currency in the world in 2015. But authors of that analysis, The Money Project, also noted it was the worst performing currency the previous year. Besides price, Bitcoin has also suffered from a litany of cases in which bitcoins have been stolen from online exchanges in which they were stored, in some cases due to negligence or poor security. Such incidents generally result in a complete loss of funds for the victims, since it is very difficult to trace where stolen bitcoins have been transferred. Meanwhile, the currency continues to grow - a sign of good things to come, say many.