Where is BitCoin going from here?

[italkcash]

BitCoin - the word that has been highly debatable in the past months online. Almost every mayor magazine and news website has been writing articles about BitCoin, its potential, its threat, and its significant impact it can have on the economy as a whole.

But where is BitCoin going to take us now that it has finally stabilized after the black Friday stock exchange crash at MtGox.com and the virus infection of a number of users a couple of weeks ago.

For starters BitCoin seems to be holding up to its reputation of being a stable currency now that the wider community has gained control over the problems. In the wake of the problems a new exchange has also arisen and offers a great alternative to trade BitCoins, Tradehill.com

But where is BitCoin heading? The price has been steady kept at 12$ to 16$ over the past many weeks, while more and more merchants and people have started to accept it. The community is talking about a critical mass having to accept BitCoin before it really hits the mainstream and will become acceptable as alternative currency.

The biggest question in all this still relies in the fact on what the power that be think about it. Beside a few comments from US Senators a couple of months ago, and a visit by one of the lead programmers behind the BitCoin client to the CIA headquarters, not much government pressure nor acceptance of BitCoin has been voiced. Nor has there been any pressure or comment from the usual financial services, namely SEC in the USA and FSA in the UK.

It could be that politicians alike as government bodies has silently accepted that BitCoin will either thrive and become accepted on its own, or die on its own by the lack of putting pressure on it. Fact is that BitCoin technologically cannot be shut down, which is the core "problem" the government institutions have realized.

Question is if we have to wait for the critical mass to collect behind the BitCoin acceptance or if a single enough big commercial player will be the first to enter the stage of accepting BitCoin. A mayor player such as Amazon, Ebay or a bank such as Goldman Sachs, which is although still highly unlikely at the present stage.

For now trading BitCoin's is secure, safe and involves very few barriers. Keep the happy trading going and we may one day face an alternative currency that is keeping the world safe as gold has done for some long for investors seeking safe havens.