What? – Bitcoin is a peer to peer currency with no central authority .
Why is everyone talking about it? – if you have purchase $100 dollar worth of bitcoin in Apr 2010 (Cost of one was 0.003), you would be a millionaire now (Current price SGD$3,437 of one bitcoin). Total profit of investment would be SGD$114,566,567
Should you buy some now? – I’d think you should buy if you have excess money to invest and not with a mentality of earning a quick return. Bitcoin is a good way to diversify your portfolio as every country are heading towards the “smart nation” direction ; a probable reason for the rice in recent price.
Bitcoin weekly chart shows that market has been trending upwards since the start of early 2016 where market broke off previous high.
What are the other CryptoCurrencies out there? Currently, you can purchase Ethereum ($308 ......