Bitcoins use as a 'currency' has been steadily growing in various sectors, Silk road perhaps being amongst the most notable. However, the price that this relatively miniscule transaction activity would support, I would imagine to be still very much in single digit territory. Needless to say, the humoungous double and triple digit prices have come about as a result of speculation/manipulation, and lets face it, everyone here has had an opportunity to greatly enrich themselves thanks to this, and who doesnt want a slice of that action?

My personal opinion is that most on here (the plankton or at best, the tadpoles of the Bitcoin ecosystem), are still buying because they are fkn stupid and are blinded by thier own greed/optimism as to the strong probability of much lower prices in the months ahead. However, having said that, with all the volatility, even now there is still plenty opportunity for nice profits to be made, and who doesnt want to make profits?