Wall Street set to pour money into Bitcoin (NY Times)

[Winchester]

Meanwhile:

Bitcoin Exchanges Shut Down In India After Government Warning

http://www.wired.com/business/2013/12/bitcoin-india/

This thing is far from over, don't know where it's going to end. Personally I'd sell and get the hell out while the getting is still good and wait for things to stabilize if they ever do so as one can use bitcoins as they were intended.

[The Dharma Bum]

pfft that news had absolutely no effect. The reason bitcoins are popular because people don't trust central banks anymore after what happened recently in Cyprus and Greece. Everything over 100K seized by the state. That can and will happen anywhere today. Talk about a haircut.

And any way the only reason bitcoins have the value they have is because most "legit" fiat currency is so heavily devalued. That's not changing anytime soon. I expect the opposite of a crash.

So there is no way I would panic and sell my XBT right now. I'm not even trading it anymore. It's in cold storage now.