Originally Posted by Davejam
Stay away is my advice. There was a lot of talk several years ago and if you bought very early you may have made a pretty penny, but after that you would have lost your shirt.
It doesn't seem to be going anywhere.
I actually specifically remember in January of 2013, 1 bitcoin was around $13. I almost bought some but thought the whole concept was too sketchy. Later that same year in mid to late October, it had peaked at around $1100 for 1 bitcoin. It was because the Chinese Communist Party had relaxed restrictions in china on trading bitcoin or some similar such move, and it created a lot of instant demand and liquidity.