Watson wrote:If you had gone to the local bitbank yesterday and got a coin for $513, you would be pleased no doubt to see it is now $570 in your e-wallet. Just a cool almost 10% appreciation in just 24 hours. Could easily go the other way in equally dramatic fashion.
I've been following bitcoins since they were about $100 - very interesting. I am a bit surprised they did not fall below 400 with the sudden takedown of the Mt GOX exchange - which went down mysteriously making some investors lose millions.
I think the biggest advantage to bitcoins at the moment is for reduce cost of currency exchanging.