Bitcoin’s price has been following a new uptrend line since it bottomed. This is the heavy right upsloping arrow on the chart below. Note how that line with the former downtrend line formed an X? If prices gravitate to that new uptrend line on the way out, then prices will be at or near the prior $20k high by about the end of this month. (bitcoin) Here’s looking at you Microsoft tablet and google glass, but it opens the way for better and improved developments. The whole idea isnt to destroy any of the current paper currencies ... I view Bitcoin "mining" as that relief valve, but it is a somewhat static element and may not be sufficient to offload enough during a large enough inflow. If that were to happen with the nascent Bitcoin environment, the stigma that would be associated with such forms of currency could set them back quite a ways. Bitcoin. A risky currency? Alleged $500,000 Bitcoin heist raises questions (ars technica) Bitcoin and the End of State-Controlled Money (The Biz of Life) Bitcoin Open Forum (FOFOA) BitCoin – How I Missed The Trade Of The Year (Run to Gold) I just got hacked – any help is welcome! (25,000 BTC stolen) (Bitcoin forums) This is where the math comes in. Bitcoin was founded in 2008 and there will ultimately be only 21 million Bitcoin ever mined. Today we are approaching the 80% mark, the remaining 20% will take years to mine, and the “mining” gets more difficult and slow as we go.
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