Can anyone help me understand why the price is rising so rapidly? It was like $50 a while back. Now its 10x that. Is it because the difficulty to mine is rising exponentially? Or am I missing something?
http://money.cnn.com/2013/11/12/investing/bitcoin-record-hig...
We'll see if this rally has any legs to stand on, personally I'm sure as hell not buying into anything with this much volatility.