They are, if you bought them years ago you'd be rich now, except for this guy...
http://washington.cbslocal.com/2013/11/29/man-throws-away-7500-bitcoins-now-worth-7-5-million/
I looked up bitcoins and still don't understand it. Where or how is the value determined? Sort of sounds like a bartering systems. Where do you get bitcoins from, do you buy them?
I think I am past the age where I don't need to be concern with this.
This video should help explain stuff: http://vimeo.com/63502573#
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Interesting. Thanks for sharing Uvah!
Aprox. $1000.00 a bitcoin
As Bitcoin hit $1,000 dollars on Wednesday morning, a lot of early adopters saw their Bitcoin, bought or mined for cheap years ago, turn into a high-return investment. And some forgot they bought Bitcoin years ago, only to realize they were suddenly rich.
I never heard of them until the article about the guy who threw his away.
In some country Bitcoins has been announced illegal , then bitcoins value in that area droped to 30%
Electric sale: Someone used bitcoins to buy a Teslahttp://www.nbcnews.com/technology/electric-sale-someone-used-bitcoins-buy-tesla-2D11702822
Now all he has to do is pray his purchase doesn't go up in flames.
http://www.engadget.com/2013/10/04/tesla-model-s-battery-fire-musk-response/
China has forbidden its Banks to trade or use Bitcoins as they aren't deemed "a true currency". Guessing the people who created it haven't paid the necessary bribes.
http://www.usatoday.com/story/money/business/2013/12/05/bitcoin-china-pboc/3876727/
I think maybe it scares those with really big bucks. Imagine a standardized world currency. Everything would have the same value no matter where you buy it. Outsourcing would become a thing of the past and importing workers to do their thing for far less money...not gonna happen because the pay scale is the same everywhere. That'll bite into corporate profits big time and the billionaires here and elsewhere...wouldn't be. Gotta love it. Lol
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