Except for the +- 500% in a week, you could be talking about FRNs, or any other fiat currency. And except for the huge increase in value (not a bad thing in my book), its ability to recover from downturns is pretty amazing.
Mt. Gox: Last:$1,130.00000
>> And except for the huge increase in value
Bitcoin didn’t increase in *value*.
The *value* of nothing is still nothing.
It may have increased in *price* but that’s a different matter.