You can't win them all. Remember, the gains last weekend were erased early last week. One should be very skeptical of huge surges like this over a weekend. Be patient, all it takes are a few bad news days and the price will be back where you want it (or lower). China is still highly unpredictable at this point. The current price assumes a continued positive reception from US regulators and a neutral stance from China. If Bitcoin truly threatens power structures, we should expect a more negative regulatory outlook worldwide. This will be balanced to some degree by more business adoption. Over time I believe the adoption rate will considerably counteract regulatory pressure on the price. In the short term, however, expect massive corrections. Picture a large exchange being shut down due to pressure on local authorities, for instance. Plenty of things can go wrong. In the longer term, Bitcoin will have to adjust to technical problems. A hard fork or attempted double spending is guaranteed as mining power becomes consolidated or other unforseen problems arise. The infrastructure will adjust, but there will be a massive price correction. Be patient and profit from these corrections.
I believe you may be painting a slighty too bleak picture there.
1. We haven't really had a huge surge this weekend. It's been quite measured. Look at the day chart - we have not surged in the same way as last weekend; we are actually back to following the trend that has been steady for over three weeks now.
2. China is looking less and less bad as the days go on. It is looking increasingly likely that as long as Bitcoin doesn't blow up too quickly they will let it continue (backed up by sources in China). The January 31 deadline has been talked about so much people have got used to it. Who knows but my bet is it will be an anti-climax on the day.
3. At the moment there is no reason to believe that the US will change its remarkably positive stance. Lawmakers and authorities are scrambling to make a place for Bitcoin in the mainstream.
4. The exchanges are doing a lot of work to conform to demands from authorities. Have a look at this thread in service discussion:
https://bitcointalk.org/index.php?topic=406908.0 Bitstamp for example is getting clients new and old to go through considerable KYC processes. Some people complain but why are they doing this? Because they are in for the long term and want to stick around as a big player on the exchange scene.
5. A hard fork or attempted double spending is not guaranteed at all. On the contrary I think people are working together to improve the security of the network.
You speak of "massive corrections" but I happen to think we do not need a correction. The China bubble is in fact a bump on the uptrend for 2014. I think in 2014 we will see the end of fast adrenalin-pumped run ups like we have seen in the past, and instead watch strong consistent growth with spikes here and there.
Show Posts
Well... First a short stopover at $9,999. 
