Wave 5 of the quick move is almost complete.
Wave 2 of the big move will begin shortly.
I'm not saying don't hold your for long term.. I'm saying you may want to consider taking some profits and look to buy cheaper. Wait for the big seller and follow his lead.
Because silver is one of the most important industrial resources known to man... and Bitcoin is simply a decentralized currency. I guess there's more demand for a decentralized currency than real industrial value than can double as a hard currency
But time and time again, Chinese demand has proven the saying "The market can stay irrational longer than you can stay solvent". They're about to attempt 3000 on BTCChina and a growing chorus demands that all hell break loose. If it manages to survive at this price, it will be one of the biggest headfakes ever. Oh, if only I bought some popcorn!