Some of you may have mined bitcoins, some of you may have even dabbled in trading them. However the virtual currency took yet another step forward to wide spread acceptance when the Department of Justice and Securities and Exchange Commission wrote a report telling the U.S. Senate Committee on Homeland Security and Governmental Affairs that Bitcoin has benefits and risks, similar to other online payment systems.
Bitcoins have jumped up to a peak of $1000 from their recent ~$150 range. This time last year they traded at ~$10 and two years ago they were under a buck.
The real question is whether this is just a temporary bubble. The real cost of Bitcoin is only tied to the difficulty of creating them, however technology and the shortage of it can cause temporary shortages until a large demand can be satisfied. Only time will tell if it was a smarter move to buy or sell Bitcoins today.
To see real time and historical Bitcoin exchange data visit this site.
