Recently learned that the exchange rate for 1 BitCoin to a USD is 1 = $14USD +/-

I purchased 65 bitcoins for $300 bucks last December and only spent about half of that. Haven't logged into my account in about 1yr to find out I have 20bit coins sitting in it.

When I purchased the exchange rate was about 1 = $4.50 +/-

Why have BitCoins gone up in value this much?

Anyone here have stock in BitCoins?

This post was edited on 11/28/12 at 2:22 pm

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Posted by iheartlsu

Nashville

Member since Sep 2005

27726 posts

Posted on 11/28/12 at 2:22 pm to LSU Coyote

what do you use them on? weed, illegal firearms, sex slaves?

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Posted by The Dudes Rug

Member since Nov 2004

13860 posts

Posted on 11/28/12 at 2:41 pm to LSU Coyote

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Posted by Gnar Cat21

Piña Coladaburg

Member since Sep 2009

16850 posts

Posted on 11/28/12 at 2:43 pm to LSU Coyote

Lets me get some bit coins bro I need a hitman

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Posted by Lynyrd

Under the Tilt-a-Whirl

Member since Jun 2010

13185 posts

Posted on 11/28/12 at 2:49 pm to LSU Coyote

Why is this on the gaming board?

Also, stay away from the Deep Web. It is dangerous

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Posted by stout

Smoking Crack with Hunter Biden

Member since Sep 2006

167861 posts

Posted on 11/28/12 at 2:56 pm to LSU Coyote

They went up because difficulty to mine them just increased but there are some new machines coming out that will make mining them a breeze and the days of GPU mining are almost over. No one is sure what will happen at that point

New ACIS tech coming

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Posted by Sir Saint

1 post

Member since Jun 2010

5329 posts

Posted on 11/28/12 at 3:01 pm to LSU Coyote

Alright, so I tried to not be lazy and look them up. I have no clue what the frick I am reading. If they are like a currency, how can they be "mined"? Wouldn't that defeat the purpose?

Can someone explain this like I'm 5?

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