The price of a bitcoin is dictated what people are willing to pay for them. It's very similar to the price of a stock.Originally Posted by TheTemplar
Right now, bitcoins are around $5/each, and that value has been stable for awhile because nothing significant has happened (positive or negative) for bitcoins in awhile.
However, if a bust occurs (notice MtGox is a .com site, meaning the DOJ could easily seize it and put up their infamous graphic), everyone will panic and want to sell, and the value will fall off a cliff.
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