For those if you who don't know what Bitcoin is, [url=http://en.wikipedia.org/wiki/Bitcoin]here's the Wikipedia page[/url].
Anyways, yesterday if you wanted to buy Bitcoins, you had to pay anywhere from $165 - $195 (fluctuates throughout the day). Right now they're priced at $125 per Bitcoin.
So buy some now, so then when it does go back up to around $200 (which it will, because when Bitcoin is priced low, people buy it, which increases the price) your Bitcoin will be worth a lot more.
Just thought you guys should know, but if you're already into Bitcoin, I'm sure you already did.
:)
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Current exchange rate = $75/coin. OP has officially lost you 40% of your money in less than one day.
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The opportunity to buy in is long gone but seems like now is the time to cash out.
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It's predicted to crash, not go back up, from what I've heard.
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A suddenly high trend a smart investment does not make.
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Bitcoin is a scam. Anyone who pays into this is a fool.
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Edited by Funkbrotha10: 4/12/2013 5:22:36 PMHow about no. I generally tend to go with investments that have a proven and established track record. Not some internet currency experiment.
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Edited by A Good Troll: 4/12/2013 12:44:04 PMCurrent 24 hour weighted price is now $87/bitcoin. Listening to OP would have you down 33% of your money currently. ^_^
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Nobody actually spends them, its just a currency horded by speculators, making it pretty useless.
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I'd just as soon recommend people take their money down the local casino and plop it all on black in roulette. Because your odds of coming out ahead are basically the same. Bitcoin has been in the news and filled with speculators who have no interest in holding the currency for anything other than speculation. You're essentially playing musical chairs with real money, and the people who get stuck with Bitcoin at the end are the ones who get screwed.