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In the past three months, the price of the cryptocurrency bitcoin has fallen nearly 50 percent going from about $630 per bitcoin to $320 per bitcoin, according to CoinDesk’s bitcoin price index, which averages the prices on major exchanges.

That’s obviously an extreme shift, though bitcoin trading prices are notoriously volatile, sometimes making similar percentage drops in a matter of hours or days.

The difference here is that it appears to be a slow, measured pattern of decline.

There has been major regulatory news in the past few months, including New York’s proposed rules for virtual currencies and Russia’s proposal to punish their use. But that doesn’t seem to have produced the same type of seismic shifts as when China ordered local payment processors to stop transactions involving digital currencies such as bitcoin.

Instead, Jerry Brito, the executive director of industry-backed think tank Coin Center, said he believes the downward trend in bitcoin may actually be related to its rising popularity among merchants in recent months.

In September, Overstock.com became the first major online retailer to accept the cryptocurrency globally.

“It’s hard to tell what exactly causes these price movements, but what I think makes most sense is that as bitcoin merchant adoption grows, there is increasing sell pressure in the market,” Brito says. “Because there are not yet very good hedging instruments for bitcoin, merchants that accept bitcoin for payment will immediately sell, so as to not be exposed to any volatility.”

Basically, merchants don’t want to hold on to the bitcoins they accept as payment. Thus, Brito says, there’s a constant sell pressure, which he said he believes may have snowballed into the downward trend.

Brito is optimistic, however, about the future of the market, saying that “needed hedging instruments are coming along very shortly” and that long-term investors may actually buy in the current low.

The $320 exchange rate that the cryptocurrency is floating around is a substantial drop from the highs of last year, when bitcoins reached more than $1,100 on some markets near the end of the year after dramatic surges.

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Bitcoin prices drop nearly 50 percent in 3 months

Mar 112013



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Feb 242012

MESA, Ariz. (AP) — Islands made out thick, tall reeds are surfacing on Saguaro Lake, northeast of Phoenix, creating hazardous conditions for boaters.

The U.S. Forest Service says the islands vary in size and are visible in the daylight — but are harder to see when the sun goes down.

The islands appeared recently and were seen floating around the boat ramp and the marina.

Mesa Ranger District spokesman Jason Scow says crews are trying to drag the islands to the shoreline, but it's not easy, because the lake level rises and falls. That pulls the islands back in the water.

Scow says that none of the other Salt River lakes above Saguaro Lake have any floating islands.

Online:

http://www.saguarolakemarina.com

http://www.fs.fed.us

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Islands Surface on Saguaro Lake

MESA, AZ (AP) –

Islands made out of thick, tall reeds are surfacing on Saguaro Lake northeast of Phoenix creating hazardous conditions for boaters. The U.S. Forest Service says the islands vary in size and are visible in the daylight but are harder to see when the sun goes down.

The islands appeared recently and were seen floating around the boat ramp and the marina.

Mesa Ranger District spokesman Jason Scow says crews are trying to drag the islands to the shoreline, but it's not easy because the lake level rises and falls and the islands get pulled back in the water.

Scow says that none of the other Salt River lakes above Saguaro Lake have any floating islands.

Copyright 2012 Associated Press. All rights reserved.

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Islands surface on Saguaro Lake, create hazards

MESA, Ariz. (AP) – Islands made out thick, tall reeds are surfacing on Saguaro Lake northeast of Phoenix creating hazardous conditions for boaters. The U.S. Forest Service says the islands vary in size and are visible in the daylight but are harder to see when the sun goes down.

The islands appeared recently and were seen floating around the boat ramp and the marina.

Mesa Ranger District spokesman Jason Scow says crews are trying to drag the islands to the shoreline, but it's not easy because the lake level rises and falls and the islands get pulled back in the water.

Scow says that none of the other Salt River lakes above Saguaro Lake have any floating islands.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Continue reading here:
Islands surface on Saguaro Lake creating hazards

SMH. Somebody lay hands on this chick and pull her life together. This picture started floating around on Twitter today and it damn near made the whole Internet collectively shake its head.

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Ohhhh Lawd: Simple Broads Have Joined The Illuminati!

Build it and they will come. The phrase that has been floating around for centuries to describe everything from watering holes (i.e. bars) to superstores to.

Link:
Does a Site 'SEO' Itself? | Daily SEO Tip

A rumor is floating around online about Palin going for a second season of her hit TV show.

More:
No, there won't be a second season of Sarah Palin's Alaska …

Dec 122010

SEO is a term that is floating around the internet, but some might not be sure why this is the case.

View original post here:
Imseo – Seo Company In Toronto

One of the arguments floating around in the grand Paul Henry debate is that taking objection to his comments or calling for him to be dismissed by TVNZ is a violation of his right to free speech .

More here:
On free speech « The Dim-Post



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