Now it's dipping a little. What price do you think September will see?
It will be ~$80. I believe the price will drop to around $50 by Q1 2014, until it will again skyrocket to >$100 just like earlier this year. Everything new is old again.
To understand the motivations to purchase bitcoins, I would simply take a look at where people spend theit bitcoins. Which bitcoin-only businesses are currently booming?
1. The gambling industry 2. The drug marketplaces
This probably changes in the future when bitcoins start replacing Paypal. However, currently those are the two industries driving bitcoin adoption.
Actually, like it or not, bitcoin is currently so widely spread and "successful" because of all the gambling and drug marketplaces. If it wasn't for those things, the average Joe wouldn't have heard of bitcoins, let alone had any.
December 13th, 2012 Technocashier is no longer an accredited member of the VFS Network. The business model of Technocashier no longer meets our requirements.