29 Oct '13, 6am

This man invested $27 in Bitcoin in 2009, when he remembered it in April it was worth $885,000

Fluctuations and peaks make Bitcoin attractive to many today. Point in case, one Bitcoin is currently valued at $202 , but it dropped as low as $110 on October 3 after the FBI shut down Silk Road . That’s a huge fluctuation over a short period — what if you bought Bitcoins back in, say, 2009? Answer: You could be buying a house from one part of the proceeds, as Norway-based Kristoffer Koch recently did. Media interest in Bitcoin this April prompted Koch to rediscover a 150 kroner ($26.60) investment, made in 2009, by which time his 5,000 BTC hoard was worth 5 million kroner ($885,520). Koch promptly cashed in one-fifth to buy a flat in a fancy part of Oslo. You obviously won’t get that kind of value today, but there may well be money still to be made investing in Bitcoin. ➤ Norwegian student Kristoffer Koch buys $27 in bitcoin in 2009, now he owns an apartment [News.com.au...

Full article: http://thenextweb.com/shareables/2013/10/29/title/

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