Up about 20% since posting, hope I was bidding against at least a few of you!
Will probably pull back into the low 70's but the trend is bullish as hell.
My completely unsubstantiated prediction for milestones over the next four months:
1. Client stabilized
2. Trading interface released
4. Liquidity/depth/volume increases substantially
5. Pegs consolidate
6. Smart money buys in
7. BTSX surpasses Litecoin in market cap
8. Marketing hype
9. Bitcoin/Alt money buys in
10. $1bn cap breached on/before Jan 2015
I'll bump this in the New Year for entertainment value.
Good luck to all!
I only think about 3 main things myself
1. BitInterest
2. Stable Client
3. Decentralisation
The BitInterest system was the most important to me. (Besides fees if you can extract $ from people willing to pay a premium to short at 1-1 and pass it onto longs in the form of interest it will increase demand, adoption, liquidity and support the peg.) I think BTSX can pass LiteCoin very quickly just with the introduction of BitYield.
Once those three elements above are in place then you have a base to challenge Bitcoin imo, but even with marketing, trading interface etc, if anyone of those three elements can't be described as 'excellent' then it will be hard to surpass $1 Billion imo.