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I've been following bitcoin's (BTC) progress out of fascination more than anything. Last week the price hit $5000 (current ZAR value R59,011.79 = 1 BTC). A lot of people have been asking me about it on twitter - and it's being used as a new 'get-rich-quick' gimmick, so you cna imagine how many people are sinking money into this without understanding what, exactly, they're doing.. People are getting excited however this looks like a masive bubble waiting to pop...
In the meantime, $6000 on the cards? And when will the bubble pop? Are there any BTC traders out there? Would love to get perspective from a BTC trader.
(Also curious to know how the SARB is planning on handling the regulation of crypto currencies. whatever policy they come up with will be very interesting to see.)
Perhaps it might be worth looking at what Australia/ & Ukraine are doing ito regulating crypto-currency. As for anonymity, that will very likely be a stumbling block. Guess we'll have to see how others get around that particular roadblock.