Faisal KhanAnswered Jan 12, 2014Speculative trade and reaction to anything that the media publishes regarding Bitcoins and the world of Banking & Finance (in particular financial regulators).
Right now, perhaps more trade is being done in Bitcoin trading than actual Buying/Selling of goods & services using Bitcoins.
Once this trend reverses, i.e. more good & services are bought/sold using Bitcoins and by a healthy margin compared to speculative trading, the swings will decline.
The currency in many ways is in its nascent stages as far as mainstream interest is concerned.
Right now, perhaps more trade is being done in Bitcoin trading than actual Buying/Selling of goods & services using Bitcoins.
Once this trend reverses, i.e. more good & services are bought/sold using Bitcoins and by a healthy margin compared to speculative trading, the swings will decline.
The currency in many ways is in its nascent stages as far as mainstream interest is concerned.