Minute Chart:


Daily Chart:


Some similarities to BTC-e


These price jumps or dumps are kinda strange. Did somebody really post those orders or is there something more to it?

After reading this, I now think that drawing TA trend lines from at least a year back up to now doesn't make sense.
http://willyreport.wordpress.com/

However, the fact is that the price has been in an uptrend for years and will still probably go up with the influx of new market players. A long term log trend line from 2010 is likely more reliable than plotting with 2013 charts. Kinda sad but the good news is that Mt.Gox has ended.

Lastly, this flash crash in BTC-e should be a red flag for everybody, especially those who have funds in BTC-e.
https://i.imgur.com/EshPBv8.png

[What is Bitcoin?]

If you're eager to learn about BTCitcoin but too lazy to read about it then you're in luck. Here are some of the best videos explaining Bitcoin.

To those who already know about Bitcoin, hopefully, redirecting your friends to this thread may save you time from explaining to them what Bitcoin is.

What is Bitcoin?
•Short Explanations:

1) https://youtu.be/1GP9fSAqBIM (1:39) - in The Rise and Rise of Bitcoin Documentary
2) http://youtu.be/yTxmR0n6sCc (2:38) - by Ofir Biegel
3) http://youtu.be/FpaCmvhTm3E (2:23) - by Learn Liberty
4) http://youtu.be/Gc2en3nHxA4 (1:36) - by weusecoins
5) http://youtu.be/X_hz7TyQ_bs (3:14) (disregard MtGox) - by Daily Reckoning
6) http://youtu.be/W0qn3oPYo5c (1:55) - by Vox
7) http://theguardian.com/bitcoin (3:17) - by theguardian.com
8 ) http://youtu.be/3cPPijbJlMY (4:05) (ignore buckysroom wallet) - by buckysroom.org
9 ) http://youtu.be/IP0jCjyrew8 (5:29) - by Xapo
10) http://youtu.be/l9jOJk30eQs (5:25) -by CuriousInventor
11) http://youtu.be/YIVAluSL9SU (6:15) -by intobitcoin

•Detailed Explanations:
1) The Bitcoin Phenomenon (35:24) - by SQ1.tv
2) Under the Hood (22:48) - by CuriousInventor
3) Bitcoin Wiki Explained Word per Word Part 1 (30:58) - by world bitcoin network
4) Bitcoin Wiki Explained Word per Word Part 2 (38:17) - by world bitcoin network
5) Bitcoin Wiki Explained Word per Word Part 3 (20:45) - by world bitcoin network


•Original Bitcoin White Paper by Satoshi Nakamoto:
1) http://youtu.be/GWH0kTEqYsg (21:03) - by Stefan Molyneux

Why should you care?
1) The Biggest Scam in The History of Mankind (29:35) - by Mike Maloney
2) Why Bitcoin Matters (18:26) - by Mauldin Economics
3) The Peaceful Revolution (29:19) - by Stefan Molyneux
4) Bitcoin the Platform (20:26) - by Andreas Antononpolus
5) Bitcoin the Payment Network (5:36) - by BitcoinFilm.org

How to make a Bitcoin wallet?
1) Types of Wallet (0:59) - by AVG Technologies
2) Electrum PC/Mac Wallet (9:41) - by Doni Sewell
3) Online Wallet (1:17) - by Derrick J Freeman
4) Paper Wallet/Cold Storage 1(26:57) - by world bitcoin network
5) Paper Wallet/Cold Storage 2(13:01) -by Bits Be Trippin'
6) Securing your new wallet(1:40) -by 99bitcoins.com

How to get Bitcoins?
•Buy Bitcoins:
1) localbitcoins.com
2) coinbase.com - recommended for US residents
3) bitstamp.net
4) btc-e.com

•Offer services or sell goods locally or online.
1) List your physical shop here
2) Bitcointalk Forum Marketplace

•Mine Bitcoins (not recommended for newcomers):
1) Bitcoin Mining Explained (2:30) - by Bitrush
2) Mining Today (1:42) - by Fred Yen
3) Getting Started (27:14) - by Barnacules Nerdgasm

•Accept donations
1) Accepting bitcoins with QR codes (5:22) - by HamptonRoadsBitcoin.org

I'll be updating this thread when I find new and informative content. I may replace some videos with other better videos. Feel free to post new published videos too.

[1 active user could buy more and more bitcoins than others therefore amplifying the already exponential growth of users]

"In economics and business, a network effect is the effect that one user of a good or service has on the value of that product to other people. When network effect is present, the value of a product or service is dependent on the number of others using it. The classic example is the telephone. The more people who own telephones, the more valuable the telephone is to each owner. This creates a positive externality because a user may purchase a telephone without intending to create value for other users, but does so in any case. Online social networks work in the same way, with sites like Twitter, Facebook, and Google+ becoming more useful as more users join."
http://en.wikipedia.org/wiki/Network_effect

There are rough estimates to the number of users which range from 300k to 2 million but it is definitely lesser than the number of addresses used (2.6 million):
https://bitcointalk.org/index.php?topic=316297.0
http://www.coindesk.com/bitcoin-2014-report/
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html


http://en.wikipedia.org/wiki/File:Facebook_popularity.PNG

It's hard to predict the price of bitcoin 10 years from now because 1 active user could buy more and more bitcoins than others therefore amplifying the already exponential growth of users.

A chart worth sharing:


"... there has been no stretching of the time dimension to make them fit."

Source:
http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11

As we might know, whenever markets crash, people look for safe havens (Gold and Bitcoin?).

Will history repeat itself?