The problem with Bitcoin lies in people trying to push the price. The people doing the pushing will be the first to dump it. Leaving the poor fools who bought the "ever higher" argument, and this time it's different" promise wondering what hit them.
Do not misunderstand, Bitcoin is a foundation for a new way to implement money. But the people who are pushing Bitcoin as an investment are missing the point. Bitcoin can be substituted by other cryptocurrency projects, and will be, as people become more sophisticated in the handling of cryptocurrency. Hyping Bitcoin as a way to wealth undermines its utility as a medium of exchange.
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ColdMonkey mines Gridcoin through generating BOINC computations for science...
RE: Bitcoin is headed to crazy highs and so are some altcoins.