![]() ![]() When I decided to dip my toes in this market, on April 28, Bitcoins were trading for an average of one for $132. Manjoo noted how the process of buying Bitcoins wasn’t easy or straightforward, though he predicted that as the market matures it may attract more casual investors. Manjoo had to fill out a physical wire transfer to a vendor called LocalTill, after being thwarted on Mt.Gox, the best known Bitcoin exchange. Farhad Manjoo of Slate recently plunked down more than $1,000 to become a self-described speculator in the currency, getting 7.23883 Bitcoins for his troubles.Īnd those troubles were considerable. ![]() I saw on Reddit that somebody invested their retirement in the currency. I heard about the decentralized, online-only currency on NPR, the Drill Down (the tech podcast I listen to), in the newspaper, and while hanging out with friends. We discussed Bitcoin at a recent news meeting at National Geographic (where I work). Recent months have seen a Bitcoin bonanza.
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