A quick look at the bitcoin charts inform us that it has not been performing well lately. There are some economic concerns that have been voiced from various quarters as to the reality surrounding Bitcoins longevity. The same interpreted on its use as a value storage. Many still bank on the analysis that it is unreal. However, the more time passes by, we are witnessing the Bitcoin price stabilize in the market. In this initial state it will still remain volatile and its features that act in the same manner as money will manifest themselves. It is reasoned that this might continue to be the case until the time it will eventually stabilize. What cannot be denied about the Bitcoin advancement is that it is indeed revolutionary. It solves a very interesting problem of information.
Always checking the Bitcoin charts so as to determine the Bitcoin price is no way to go about your life every day. If you consider yourself to be a Bitcoin trader or you aim to make a small home run in the short term then the reality might not be that pleasing. The same applies to the perception that the US currency will be the leader globally. Since the drop in the price of Bitcoin as much as some people see it as scary, the wealthy view this as an opportunity for investment.
As for Bitcoin generally it is performing well. It is getting more merchants to accept it. As for the mainstream press in general, they are creating more awareness about it. More and more of its customer base grows with more avenues of allowing people to be able to purchase Bitcoin worldwide being availed. As for the customer base it keeps growing broader. The more and more merchants keep accepting bitcoin is the more we see it as a sign that it will not weaken but only strengthen.