Online cryptocurrency, Bitcoin, has had a bit of a ride of late. Its value crashed when the alleged operator of the Silk Road – an internet store that specialised in products of a… umm… herbal nature – was arrested, but its bounced back this week and is currently trading at $205 a coin in the US and R1 921 in South Africa. Given that on 2nd October you could buy Bitcoins for $109, you should be kicking yourself.
If you had, you’d have just about doubled your money in less than a month. That’s the kind of investment that makes Warrren Buffet weep. He weeps tears of molten gold.
If you’ve no idea what this Bitcoin thing is all about, we’re glad you asked. Chums at Jozihub are holding a special afternoon session to launch the Bitcoin Jozihub community this Friday. The plan will be to start from the basic of what is Bitcoin, take you through the process of acquisition and trading, and look at where you can spend your digital money in South Africa.
It takes place from 3pm to 5pm on Friday 25th, and you can sign up to attend over here.
(Bitcoin prices from South African exchange BitX)