When you think of trading or investing, you probably think of stocks and bonds. You might also think of commodities, currencies and whatnot. Introduced inthe electronic currency Bitcoin is exchanged through its own payment network. The Bitcoin can be stored in a virtual wallet and has been described as a cryptocurrency; a decentralized, peer-to-peer currency which relies on cryptography to facilitate currency generation and transactions. The Bitcoin is essentially a speculative vehicle for geeks. Basically, do not eat out and expect to pay for the meal with Bitcoins. Some legitimate vendors have taken to Bitcoin, allowing customers to purchase real products and services with the digital currency. Reddit allows you to use Bitcoin to buy Reddit Gold. While some everyday vendors kake looked into accepting Bitcoins too, most of the demand for the currency has been fueled by speculators, rather than early adopters.