Bitcoin downfall

Half a year ago it was hard to imagine that the cryptocurrency “bitcoins” would fail to reach $1000 price per unit. The reality today is quite different. Now bitcoins can not shake away the image of an unstable, not trust-worthy and criminal currency. Russia’s top prosecutor, released a statement that bitcoins are completely illegal and can not have any source of authority. One of the world’s largest bitcoin exchange company, Mt. Gox, prevented the investors from pulling out their bitcoins out of the market, suggesting a glitch in a system. Apple store cleared it’s shelves from the last bitcoin wallet and authorities arrested BitInstant CEO. These news are a tendency that is very disturbing for the bitcoins market and investors are now backing up from further involvement.