thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors
> check out the monthly low price.. you will see there is a constant rise.
This claim can be debunked at this link:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigWeeklyzczsg2012-01-01zeg2012-02-29ztgSzm1g10zm2g25zlFebruary 2012's low was less than January 2012.
Nobody was looking at the artificial dump/short low... he is reffering to average trade value on the incline..