From $24 to $690,000 In Four Years

In 2009 a Norwegian man bought $24 worth of bitcoins and forgot all about them.  Four years later Mr. Kristoffer Koch checked his account after reading an article and low and behold his 5,000 bitcoins were worth $690,000.  He promptly cashed in around $186,000 and bought an apartment in a sought after neighborhood in Oslo.  Read his story here.

Norwegian Man Buys Flat With Forgotten $24 Bitcoin Investment


It may be worth a look to watch the bitcoin market and get some on the dips.

By digitalart, published on 26 July 2011
Stock Image - image ID: 10051347

Bitcoins, Drugs, and The Underworld

A website called Silk Road was taken down and charges were posted yesterday to Ross Ulbricht who ran the site that allowed underworld transactions, sort of an ebay/craigslist for criminals.  The site used bitcoins as the means of exchange and allegedly made about $1.2 billion in revenues and $80 million in commissions. The site allowed the sale of guns, drugs and even assassinations. 

This definitely impacted the price of bitcoins as the price fell after the news broke but today the price has climbed back up to around $130.

Here's a news article detailing the websites activities:

http://news.yahoo.com/silk-road-website-dealt-drugs-guns-assassins-bitcoins-190640637--abc-news-topstories.html

Here's a site to check the rates on bitcoins:
http://bitcoincharts.com/