I don't think so. Keep mind that if Paypal will use Bitcoin number of transaction will have a BIG increase and price could be stable.
btc has to expand to non traditional parts of the word with currencies that are weak and/or no access to banks..new markets for places
like ebay and paypal and such
bitcoin will never be as big a deal in the developing countries imho our $$$ are stable...but someplace like Venezuela with 40% currency
inflation..well....that and international goods as a virtual type of gold currency for places like ebay world wide w/o credit checks nor the rest
thats a frigging lot of folk
last point...China ran the price up for bitcoin...why? imho it was NOT all speculation..it fulfilled a need getting assets moved ..either to
relatives overseas or whatever from a 'closed system' ....irregardless imho with the china crackdown etc..there is still this pressure in china
and world wide to move to the use of bitcoin ie as a virtual gold...(better then trying to move the gold under the hut you saved cause
your region/country has stability issues) know some miners from Ukraine that are thrilled they did bitcoin before the crisis there cause
they could move assets out of Crimea etc ..the Cyprus argument btc has its uses...
it may be more slow growth for bitcoin.but you can't get around the above facts ..there is a big need worldwide for this
but then again what do I know I bought from BFL (got a refund) but still..the fact remains I was BFL'd

Searing