17 Apr '13, 12am

Bitcoin Investors Hang On for the Ride

Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble of the 1990s. Now he is clinging to a stash of Bitcoin, even though the fledgling virtual currency has lost about 70% of its value in the past week. "It's volatile because it's new, but it's still a lot higher than it was a month ago," Mr. Vialle says. In addition to investing in the currency, Mr. Vialle recently began accepting bitcoins for payment at Overland Park Jeep Dodge Ram Chrysler. One of his customers is planning to pay for a $40,000 Jeep with the currency next month. Bitcoin is attracting attention as a wildly volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it? In this Bitcoin explainer, WSJ's Jason Bellini has "The Short Answer." It has been a volatile month for Bitcoin, ...

Full article: http://online.wsj.com/article/SB1000142412788732434580457...

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Bitcoin Investors Hang On for the Ride via @WSJ

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Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble ...

Free to read: Some investors are still revved u...

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Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble ...

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Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble ...

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