250 didn't hold, so it's drifting down for now. Yesterday was a very big run-up, so people taking profit isn't necesarrily something to worry about. Definitely worth monitoring though to see if the breakout will follow through of it will drift back down to $230's.

Good point. Higher interest rates in the U.S. would have a negative effect on BTC prices. So any confirmation of an upcoming interest rate hike would lead to a lower BTC. On the flip side, any delay of the hike would lead to higher BTC. However, past updates from Yellen have had minimal impact on the price.

Bought a couple @$290. I was hoping to accumulate more below $250, but it looks like a base is forming here.

Mostly true, but worth reading this as well on VHS vs Beta:

http://knowledgenuts.com/2014/03/05/betamax-didnt-lose-to-vhs-because-of-adult-films/

http://skeptics.stackexchange.com/questions/3089/vhs-vs-betamax-how-influential-was-the-pornography-industry-in-the-format-war