A few months ago i sold 15 LTC on ebay. The buyer used a hacked paypal account to pay for them. I recived a chargeback so i opened a paypal dispute but was told becuase i sold "virtual goods" i was not covered with paypal buyer protection.
Analysts from the bank of America recently valued Bitcoin at a price of $1300 each. Bitcoin enthusiasts have said that the price could easily hit $10,000 each within a year
One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.
Totally agree with that. Bitcoins are still hard to purchase. If you could buy Bitcoins at BTC-e MtGOX and Bitstamp with your credit or debit card bitcoin would be vastly more popular
If Bitcoin price became stable and an e-commerce giant like Amazon added it as a payment option then 100% yes. Once a giant online retailer ads it thousands more will follow
Bitcoin won't put a 40 day hold on your money Bitcoin won't limit your account Bitcoin won't report you to tax officials Bitcoin won't let people scam you with charge backs
Right now I would wait for the price to come down a bit.
The price is still sky high due to all the recent media attention but I think by February the price will have dropped to $300 If you really wanted to invest now I would buy some Litecoins. Rumours are MTGOX will be adding LTC in January....
Although it was rumoured LTC would be added 5 or so months ago too....
For now I think Bitcoin will continue to rise and possibly reach $1500 by late January due to the massive amounts of mainstream media attention (both good and bad). After that I think there will be a big drop down to settle around $300 for a few months.
Ultimately I would expect Bitcoin to reach $10,000 in the future whenever it becomes much easier to purchase them with debit / credit cards and as it becomes stabler more and more online retailers will start accepting Bitcoin as a form of payment