"the virtual currency that has soared in recent months and made fortunes for some, plunged"
Yes, the virtual currency that soared from $100 to $1200 has plunged down to $1000.
Yes, the virtual currency that soared from $100 to $1200 has plunged down to $1000.
Edit: 10% drop is considered a "correction". 20% drop is usually a bear market.
How many of these multi-dozen-percent downward fluctuations will it take before those storeowners and shops that take bitcoin stop doing so or start maintaining an insane markup on Bitcoin prices?
You should know that you don't actually have to hold bitcoin to accept it as a payment method. Services like Coinbase let you instantly exchange it to cash if you use their merchant tools, so the merchant is actually exposed to zero risk.