[cmitch]

Bit coin is a virtual currency that made it's debut in 06 or 07 and has swelled to a currency worth of 750 million U.S. dollars. Not huge, in comparison, but gaining in popularity. Persons who 'invested' in bit coin have seen about a 40% return. It's hyped because of the Cyprus currency break down and the fact it isn't tied to any particular government, so, according to the article I read about it, Bit coin isn't subject to the volatilities of the currency market, which is why I would be scared of it. My biggest question: What or Who stands behind it if something goes sour? Now, it would be great if a large investment firm bought gold and then sold bit coin and it was backed up by the gold.