Quote
About this time last year I wrote an instablog about the best performing currency of the year 2011. There was one currency, which gained 1400% against the USD last year - and this same currency is again - by far - the best performing currency this year gaining another roughly 220% against the FEDs USD . .
That is a two-year yield of 4400% vs. USD (from 0.3 USD/BTC to 13.4 USD/BTC). In gold terms, bitcoin is also doing well.
That is a two-year yield of 4400% vs. USD (from 0.3 USD/BTC to 13.4 USD/BTC). In gold terms, bitcoin is also doing well.
Quote
But why does bitcoin keep going up?
1) Bitcoin has in November reached block 210.000.
...
2) The "bitcoin economy" finally started to gain serious traction 2012.
...
3) Attention from big players.
...
4) The bitcoin business space has also started to attract venture capital in 2012.
...
5) Many, many more developments in 2012. Partial list:
Bitcoin magazine started shipping;
Launch of The Bitcoin Foundation;
Blockchain.info launched an excellent hybrid ewallet service;
The Bitcoin conference in London was a success;
The birth of provably fair gambling and Satoshidice, Bitzino and others;
bitcoin-2-email service Coinapult;
in-game item exchange is rising;
Explosive growth in the bitcoin reddit forum; ...
1) Bitcoin has in November reached block 210.000.
...
2) The "bitcoin economy" finally started to gain serious traction 2012.
...
3) Attention from big players.
...
4) The bitcoin business space has also started to attract venture capital in 2012.
...
5) Many, many more developments in 2012. Partial list:
Bitcoin magazine started shipping;
Launch of The Bitcoin Foundation;
Blockchain.info launched an excellent hybrid ewallet service;
The Bitcoin conference in London was a success;
The birth of provably fair gambling and Satoshidice, Bitzino and others;
bitcoin-2-email service Coinapult;
in-game item exchange is rising;
Explosive growth in the bitcoin reddit forum; ...
Full article: http://seekingalpha.com/instablog/530678-minorman/1409731-best-currency-in-2012