Bitcoin reaching $600 is a significant breakthrough as the price a year ago was around $12, which is a 50 times increase (or near 5,000%).

Two years ago on 14th November 2011 was only $3, which is a staggering 200 times increase (near 20,000%).

The price has been rising at a magnificent rate proving Bitcoins are in huge demand around the world.

Congrats to those producing or buying Bitcoins a year ago! And even more celebrations to those mining two years ago!  

Even those joining the bandwagon in April this year, the time of the Bitcoin crash, when Bitcoins tumbled from $250 to $80, have seen a profitable increase in Bitcoin prices.

At this rate the price could soon reach $800 and mining rigs put on hold may be worthwhile again.

Of course a word of caution before you buy the latest mining rig, or spend your life savings on Bitcoins... Just ask yourself if you can afford to lose a significant portion of what you buy if the price reverses for a period of time. Temporary swings occur in all assets and if gold bullion can be used as an example, this took a 28% dive (from $1,774 to $1,284) in the last year after a ten year steady rise.

$1,000 or bust! :-)