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Author Topic: businessinsider.com: Suddenly, Everyone's Talking About Bitcoin...  (Read 1214 times)

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I was at a technology conference earlier this week, and the most popular topic of casual conversation was Bitcoin, the electronic currency invented and unleashed a few years ago. Interestingly, the conversation started before Bitcoin prices went bananas earlier this week.
During dinner on Sunday night, Bitcoins were worth about $35 apiece.



By the time the conference ended this morning, they had hit $49.

That meant that one of the folks who extolled the virtues of Bitcoin to me at dinner on Sunday had booked an electronic profit of 40% on his Bitcoins in three days.

Not bad!

According to this chart below, though, the value of Bitcoins has now crashed all the way back to $34, so the profit was shortlived. It was presumably nice while it lasted, however. And the price is still much higher than it was a year ago. And many multiples higher than it was two years ago.

Read the full article http://www.businessinsider.com/what-is-bitcoin-2013-3
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
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