Bitcoin price going up

"I stupidly had my life's savings in bitcoin, and when the price started to fall, I converted to dollars and watched the price plummet. I lost $357,000.
"Not to try to earn a bunch of sympathy or anything but this was not only my money but it was going to be my 5 year old son's education fund which i took out of fidelity about 1 year ago to mess with bitcoins.
"I dont know what the fuck to do any more. I'm sitting here on reddit looking for comfort or just something but I don't know what I'm going to do now at all. I don't have shit to live for any more and the only thing I have left is just talking about it here I guess

Valued beyong their perceived value of what someone else is willing to pay in the future - i.e. very speculative? Which to me is pretty much similar to Dotcom stocks in the late 90s and early 00s. People bought them (most dotcom internet stocks) because they saw the price going up, even when the underlying valuation was obscure and/or non-existent.
I understand there is a "finite" number of Bitcoins and they are "mined" via computing power. And I like the fact Bitcoin allegedly is a stance against the Feds virtual unlimited printing of money (which is occurring). But I still don't get the underlying value of a Bitcoin...

"Bitcoin price to reach 2000 USD by the end of February 2014"
"Just in a couple of days we have seen a massive buy of Bitcoins pushing the price up to more than 1000 USD on Mt. Gox."
"This clearly shows that we are now going to push the value of Bitcoin above the record high of 1242 USD. When? Very soon. By the end of February 2014 I believe we are above 2000 USD per Bitcoin."
h
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