Just 11 months ago, bitcoin reached a record price of nearly $20,000. Now it’s worth $4,300, its lowest level for more than a year.
Bitcoin is the 21st century global online peer-to-peer currency. One of many so-called "cryptocurrencies", it is free from the interference of regulators and nation states, it has seen its value soar against traditional paper currencies.
There are many ways of buying in to the bitcoin boom. Dominic Frisby looks at the most common, and explains exactly how to buy bitcoins in the UK.
Of course they can. It’ll be a wild ride, but cryptocurrencies are here to stay, says Matthew Lynn.
The number of cryptocurrencies exploded as coders, entrepreneurs and scam artists jumped on the crypto-bandwagon. But as with a gold rush, fortunes can be lost as well as won.
Last week bitcoin dropped by more than 20% in a few days to around $6,200 before recovering slightly. Other cryptocurrencies such as ethereum and XRP have lost their footing too.
Blockchain is the breakthrough technology behind cryptocurrencies. But what is it actually for? Dominic Frisby outlines some of its many uses, and makes a prediction on the future of bitcoin.
If you missed out on bitcoin, you missed out on the greatest moneymaking opportunity we will ever see, says Dominic Frisby. But there could still be potential in the sector.
Bitcoin and its altcoin cousins are sinking and there could be more heartache to come, says Dominic Frisby. But don’t write off cryptocurrencies just yet.