{"id":53001,"date":"2015-01-16T16:46:44","date_gmt":"2015-01-16T21:46:44","guid":{"rendered":"http:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/bitcoin-fell-below-200-will-it-ever-rebound\/"},"modified":"2015-01-16T16:46:44","modified_gmt":"2015-01-16T21:46:44","slug":"bitcoin-fell-below-200-will-it-ever-rebound","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/bitcoin-2\/bitcoin-fell-below-200-will-it-ever-rebound\/","title":{"rendered":"Bitcoin fell below $200. Will it ever rebound?"},"content":{"rendered":"

NEW YORK (CNNMoney) <\/p>\n

Bitcoin lost more than 60% of its value last year. The digital currency has already plunged another 30% in the first few days of 2015 -- and that includes a 30% rebound on Thursday! <\/p>\n

The price of Bitcoin (XBT) briefly fell below $200 on Wednesday, an important psychological barrier, before bouncing back. <\/p>\n

According to Bitcoin news site Coindesk, it is not profitable for people to process transactions or mine for Bitcoins when the price falls below $200. \"Mining\" is the term used to describe the complex math puzzles solved by computer networks in exchange for new Bitcoins. <\/p>\n

So what's next for Bitcoin? There is an intense debate about its future. <\/p>\n

Bitcoin was a bubble that has burst. Jeffrey Gundlach, head of influential investment firm DoubleLine, is firmly in the Bitcoin bear camp. In a webcast on Tuesday, Gundlach declared that Bitcoin is \"on its way to being relegated to the ash heap of digital currencies.\" <\/p>\n

Those comments may be one of the reasons why Bitcoin plunged on Wednesday. <\/p>\n

But is it fair to focus on Bitcoin's price as a measure of failure or success? This is a currency after all. <\/p>\n

Related: Bitcoin was one of the tech failures of 2014 <\/p>\n

The problem is that some fans of Bitcoin seem to think that it is also something that could be a good investment. <\/p>\n

<\/p>\n

See more here:
\nBitcoin fell below $200. Will it ever rebound?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (CNNMoney) Bitcoin lost more than 60% of its value last year. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94873],"tags":[],"class_list":["post-53001","post","type-post","status-publish","format-standard","hentry","category-bitcoin-2"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/53001"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=53001"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/53001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=53001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=53001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=53001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}