Bitcoin
 

Since it's been making the news recently just wondered if any of you guys here have had any experience with it.

I have about 0.3BTC in a wallet left over from when I got some Modafinil a while back.

1BTC hit $1000 dollars this week and some speculators think it could rise much higher. The Chinese and Russians are going nuts for this stuff. There are also other cryptocurrencies such as litecoin and feathercoin which are emerging and performing very well.

I think next year is going to be massive for Bitcoin and its ilk. Were on the cusp of another global meltdown and I believe people will turn to Bitcoin for currency as many fiat currencies will inevitably plunge downwards.

Question is whether to invest in Bitcoins now, speculating them to hit that rumoured $5-$10k mark or accept that that ship has sailed and look to invest in the other currencies such as litecoin?

Change is a coming boys. You mark my words!

$1000 seems way too high but I thought they'd hit their peak at $300, so what do I know

Why do you think $1000 is too high?

Max Keiser on Russia Today speculates they could reach in excess of $10k over the next couple years with litecoin not being far behind. We shall see I guess

litecoins the way

Litecoins will be worth around 1/4 of a Bitcoin and more will be produced. In terms of value once the market has been established I think Bitcoins will hold more value.

But from a speculation perspective Litecoins are around 6-18 months behind the trend of Bitcoins so in that regard I very much agree.

i'm just waiting for a major drop(it happens in these markets from time to time) i'm not sure whether to get into litecoins at around the 25-30 dollar mark or hold out until by chance they get into single digits. My mistake with bitcoins was avoiding peoples advice when they were at the 25-50 dollar mark but my issue with litecoins is they new found high could be short lived as its only been a month. Its pretty high risk in a high risk market already

The litecoin market is massively affected by China right now too. Price drops when China sleeps and rises when its awake. I agree with the risk factor. It's such a brand new market no one really knows how it will perform. That's part of the appeal for me.

Shit dude, that's like over £5k lost into oblivion. The FBI are probably enjoying counting your money now.

To be fair their are some very reputable exchanges and markets being established now making it much more easily accessible. They seem to be working hard to draw the attention away from the darker side of Bitcoin and moving into a more positive light.

Also I think it's always best to use a reputable escrow service where possible.

love to see that headline "government steal drug money- man crash plane"