Storing dried peppers
That's how I store the bird's eye chili that I get from my small balcony garden. I truss them up so they're hanging from their stems and hang that from a baker's rack, let them dry naturally, and just store them in a glass jar with a lid or cork. 

I produce way more than I use, so I use small (pint) size glass jars to store the peppers, and I rotate them by using the oldest batch to grind up into several kinds of chili powder; the oldest batch I keep in the cabinet is about 8 months old (and that's the point where the pungency has mellowed just enough for use in rubs and stuff) 

But yes, as long as you've got them covered and stored in a relatively cool place, they'll keep a nice flavor for quite some time. Just don't forget about them and taste before using if you can't remember when you bottled them (labels help!) :)