Bitcoin or bit-con? Meet the crypto-currency that’s taking over the internet
from The Journal:
IF YOU HAD €1,000 to invest at the start of the year, you may have been tempted to leave it in a savings account for a few months, or perhaps – if you were feeling speculative – invested it in shares on the stock market.
Putting €1,000 in a savings account would probably not have made you any money by now – the interest would probably be paid only on an annual basis, so you’d be waiting until Christmas for your pile of cash to grow – and even then, only by around €20 when DIRT is subtracted. You could, perhaps, have put your money into shares in AIB, in which case you could be quite happy: this week its shares traded for 9c each, up from 6c each on New Year’s Day. That’s a gain of 50 per cent. If you’d gone with Paddy Power, you would be looking at a return of 7.3 per cent. If you’d invested in Ryanair, your investment would have risen by nearly 21 per cent.
However, there is one investment which would have vastly outperformed any of those – turning your €1,000 into over €5,000. But that’s only if you invested at the right time – if you invested last week, you could already be broke.
2013-04-13 13:00:14
Source: http:///2013/04/bitcoin-or-bit-con-meet-the-crypto-currency-thats-taking-over-the-internet/
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