Should you invest in Bitcoins or are they just Beanie Babies for nerds?

Should you invest in bitcoins are or they just like these beanie babies?If you’ve never heard of Bitcoin, you probably will soon. Bitcoin is an electronic currency beloved by technology enthusiasts and privacy advocates that happens to be prone to sudden, huge run-ups in value.

The currency can be used to make purchases at a few online and brick-and-mortar stores — as well as the vast online black market of which the recently busted Silk Road was a part.

But what it’s mostly good for right now is speculating.

Three months ago, a single bitcoin would get you $121 on the open market. Yesterday it closed at $600, reaching an all-time midday high of $901. As you can imagine, speculators have been having a field day with Bitcoin, and some early adopters have quickly become very rich.
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