Since the break in on mtgox when there was those few high trades (btc hit parity at that time I think, then fell quickly). Prior to this it had been trading around the 42c mark for some time.
In the last week it has jumped a lot, it held for a day or two at about 70c and is now holding between 87c and 94c
It is likely to hit parity over the next two or three days, over the next month or two it will probably drop below USD parity for one or two trades but from this point on it will stay above 1USD for good.
Ladies and Gentlemen, say goodbye to below parity btc.
On a related note I have already seen the effects of deflation. I buy vpn from Mullvad (
www.mullvad.net) for bitcoin. When I first bought 30 days access the price was 24btc(I think), that was a little over 30 days ago. The price has now dropped to 16btc for 30 days. This is a service I will continue to use if the price continues to deflate with bitcoins rise.
Sadly the server I was renting from just a man is not going to be renewed, I would like to but he is unable to continue renting it to me. Oh well.
