NatterJackToad

all very strange after previous positive comments it's not banned, but banks cannot use it and apparently Baidu and other sites have now pulled it. so not good at all really. but the government have basically said it can be a commodity, but not a currency. so it's like another gold for them. at the moment. the roller coaster continues! very good fun to be a part of... the next decade or so is going to be extremely interesting and many more ups and downs expected! price seems stable around 900 now, but who knows where it is going. 6 months steady at $1000 would do me, but this is BTC.. it doesnt do steady.

So where are we then after the China news? Seems to be a lack of clarity across the board. Of course the day traders panicked and sent it flying down for about the 8th time this week but once again a nice rebound (I actually managed to profit for once as my next purchasing batch fell in line with the bottom!).. So… Can a Chinese shop or restaurant still buy and sell goods with BTC if they wanted to? Can the Chinese trade as they have been doing on their exchanges? Will the Chinese banks start spitting their dummies if they are transferring cash to an exchange? Why the panic when all the previous government sound bites were positive?

Space with Branson and now lamborghini's.... things are picking up speed. http://lamborghininewportbeach.blogspot.co.uk/2013/12/we-just-sold-our-very-first-vehicle.html

Ron Paul: Bitcoin could 'destroy the dollar' http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/

If you were trying to play the financial markets, on your form you’d have bought a few million Zimbabwe dollars. Quarks! The only one that interests me bar BTC is Namecoin (and that’s not a currency). Other than that, alts at the moment are just used to be pumped and dumped. In particular, Quarks!

Well I’d love for that to happen, but I can’t see it taking over the whole planet. Market cap of a few trillion, possibly. As for gold – surely some of this money is moving into BTC? http://www.mining.com/gold-stocks-take-another-severe-beating-45006/

I can’t see it putting you in the 1% (unless you have thousands of the things). As for my predictions – well from a couple of $ to $1170 in 2013 is quite a rise. I don’t think it’ll go as quickly in 2014, but $5000 is a possibility. Long term, potentially $10,000. Topped out market cap - $100,000 I’d say. This will take about a decade, plus, another Cyprus occurring – this time in a larger country. It could also go to $0. However, if it does, I’m thinking it’ll be because of another Crypto taking its crown. If you own BTC and this is happening, you exchange BTC for the new king Crypto, and your quid’s in again. One thing is for sure, crypto-currency is not going away.

Me neither. Hopefully slow and steady push to 1250 now. Volatility has been quite something recently. The move to mBTC is a good one. It’ll have a positive effect on new buyers, who can now see they can get full numbers of BTC with a few dollars. You don’t want to part with $1000 to get 0.9BTC Much rather have 900mBTC. If it’s a success buyers will eventually be looking at the exchange rate between satoshi’s and dollars. This is when Average Joe will jump in (hopefully the tech and infrastructure will have improved massively by then as well).

Yes. It was a drug dealing website that got hacked. Why people give these websites their coins to store, I do not know! Put them in your own walltets.

Satoshi Nakamoto voted as candidate for the Guardian's person of the year: http://www.theguardian.com/world/2013/dec/03/person-of-year-2013-who-gets-your-vote

I’m hoarding bitcoins. I wouldn’t hoard Satoshi’s though. If it becomes a currency, and let’s say £200 is equivalent to 200 satoshi’s, and it’s stable… whose going to hoard then? Hoard for a decade, then spend when it’s a proper currency. 1.234’567’89 I won’t be hoarding 5678 & 9 above. But for them to become worth anything, Bitcoin has to become widely accepted. To do that, it’s got to go vertical and rocket in value to the moon and beyond. Let’s give it a few years.

Two problems with LTC – people will either trade upwards to BTC, or trade down to the next Crypto which is showing a quick growth spurt. Remember, Bitcoin can be modified and improved over time as long as the developers and miners agree to it (and they want wants best for Bitcoin). So, if they see a crypto-currency doing something really cool, they’ll integrate to BTC.

Exactly. This is once in a lifetime stuff. If you’ve got a few £k sat there doing nothing get it into BTC. If you do that anytime in the next year or two you will still be one of the very 1st on the planet to own BTC. As Traktion said, it will be volatile until the market cap is significantly higher. It’s a $13 billion market at the moment. Let’s see how volatile it is at $150 billion. Remember, we’re at the bottom of the S curve, a few years off going vertical. Only once the vertical ride has stopped will we reach stability. The volatility now is caused by the whales trying to force the market down so they can buy more BTC at a cheaper price in a few hours. They’re looking for idiots to panic sell. You’ve got 2 options here, ignore it and go to sleep & wake up to see your BTC’s value is roughly the same. Or try and trade with the whales. I haven’t got the balls for that game. My BTC aren’t even on the exchanges. Onwards and upwards.

guy at the video above has created a web based app for purchasing with bitcoins (takes apple and google out of the loop). is this the future?

another of China's state owned companies now accepting Bitcoin (China Telecom): http://js.189.cn/w2014 reddit discussion: http://www.reddit.com/r/Bitcoin/comments/1roulj/china_telecom_accepts_bitcoin/

This isn’t like anything that has been before.

Well, firstly, it’s not a Ponzi, but I get what you mean. If you were lucky enough to be one of the original miners or very early buyers, then yes, you should have cashed out a percentage of your bitcoin and got yourself a nice house and car and some spending money. But these guys shouldn’t ever go full fiat (like some did at $30 – major mistake). However, if you are one of the other people who have invested a small amount and are willing to lose it, it’s fun to stay in the game. The reason being, that the upside is potentially huge. Plus, if it does hit its full potential, there’ll be no need to cash out anyway as everything will be offered on the internet (or on your phone), via the bitcoin economy. If you’re getting in now to make a few quid, just to pull it out back into fiat in a years time, I think you’re doing it wrong.

i have no idea what's going to happen in the next few months. it does seem to have shot up quickly and therefore a big sell off could occur. however, each time it has, it has raced back to its all time high within a very short period of time. the way it breezed past $1,100 was quite something as previously it always stalled for a long while at big milestones. maybe the next big milestone will be $2,000. remember, a $10bn market cap is peanuts in the grand scheme of things...

Namecoin has also come out of nowhere to race into 3rd ($6.4). How do I start mining these other Crypto's? What kit do I need? Sounds like a decent investment.

but wont the news about BTC hitting $1000 attact more small investors? could push it on another few hundred? EDIT - huge buys coming in, regularly over $250,000 http://bitcoinwisdom.com/markets/mtgox/btcusd.about:blank

maybe a crash back down after $1000 but i wouldnt think it would go below $750 BTC is only going one way, i cant see a bad time to buy. anytime in the next decade and you will probably see massive returns (but yes, you could lose all if something dodgy happens). the way things are looking $1000 might be here sooner than thought. $920

why would you convert back? other than houses, i can see everything being available in the BTC economy within the next year or two.

It’s fun being a part of it. It’s fun watching it grow in value. It’s fun knowing it could change the bankster and political grip they have on current money. It’s fun imagining the revolutionary potential of crypto-currenices.

the future (LOL)

this is pretty good as well, i actually prefer this to Bitcoinity now. http://bitcoinwisdom.com/markets/mtgox/btcusd.about:blank yep. the potential is huge. by the way, if anyone is thinking they have missed the boat, well, the boat is still in the dock. i am aware it could crash, but the potential upside is huge. well worth a gamble if you've got spare paper money sat there being eroded by inflation. 0.101'123'45 (101 milli, 123 micro and 45 satoshi). if BTC hits its full potential, the milli's and satoshi's will one day be highly sought after. buying 0.1 now is a sound investment (there's a lot of 0's after that decimal point!). the fact that you can still get about 200,000 satoshi's for $1 may seem as ridiculous in 2017 as buying a pizza for 10,000 BTC does in 2013 (as someone did in 2009).