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Title: [2014-09-06] Bitcoin And The Appeal Of Virtual Currencies Post by: ganabb on September 06, 2014, 11:07:08 AM http://www.valuewalk.com/2014/09/bitcoin-appeal/
Bitcoin’s exchange rate relative to the U.S. dollar has fluctuated substantially. In April 2013 a single Bitcoin was worth about $230 and it is trading at about $481 as of September 1, 2014. Some speculators purchase Bitcoin to profit from changes in exchange rate. For example, Kristoffer Koch spent about $27 in 2009 to buy 5,000 Bitcoins and by the end of 2013 he had $886,000. |