12 months ago I said the same thing. The exchange rate looked insanely high at the time.

12 months from now, what will I say? Maybe $459 per bitcoin will look insanely cheap in hindsight.

Or maybe it will be seen as an unsustainable speculative mania.

If you bought Bitcoin a month ago, your investment would have doubled, so clearly your logic is off.

By saying the value is volatile, it admits the chance of increasingly quickly but also the chance of decreasing quickly.

With the benefit of hindsight, it's very easy to see which happened, but this doesn't necessarily make something a good investment if you think it is volatile.

If there was no risk associated with buying Bitcoin, its value would have already stabilised.

If you have enough information you can make educated guesses about where the market will go. I've been following Bitcoin since 2011 so my predictions are accurate enough to invest.

Cool :) Good luck and mind out for black swans along your way ;)

You can easily sell it. coinbase.com, bitstamp.com, btc-e.com...

Depending on where you are localbitcoins makes it very easy to sell too.

Sources?