Bitcoin Value Fluctuations
Bitcoin is a relatively new currency that is still somewhat unstable, and its value is continually fluctuating. So, it’s not a very reliable currency for people who are relying on it for precise payments. Given the fluctuation, the money sent or received could go up or down in value. In August of 2013, its value was about $100 per Bitcoin. During 60 days from October through November 2013, the price jumped to about $1,100. By mid-December 2013, the value was down to about $530. In May 2014, the value was about $430. It’s presently back up at about $580.