Well, this is going to be an interesting watch! The fundamental issue is that holding is what increases the value (because, really, it is an exchange medium; t

Well, this is going to be an interesting watch! The fundamental issue is that holding is what increases the value (because, really, it is an exchange medium; the world still ultimately prices pegged to their respective local currencies, no matter what any bitcoinite insists), and as the value increases, you are incentivised to hold. It is going to be interesting to see what happens when the bubble bursts (and it will, to some extent), and how big it gets, as most of the bitcoins held will probably be owned by users who have been through a crash before. This could mean we are only just starting the bubble-- increased confidence may let it grow far beyond the previous one.