I have heard a lot about Bitcoins recently and I still don't get it. Bitcoins are digital currency with no physical existence. They only exist as a digital code on the internet. They were created in 2009 but received a spike last year in value from less than $20 in January of 2013 to $266. So what is it? A Bitcoin is a form of money built on the internet and not controlled by any person, group, company or government. The currency can be transferred directly from one entity to another directly with no fees. All reports say that Bitcoins will not be going away and only gain popularity in the marketplace. Definitely something to keep an eye on.
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