It won't kill the currency itself (since it's P2P software), but will all of this rampant speculation (both on my part and others) kill Bitcoin's credibility as a stable and safe store of value in the long run?
BTC was never a "stable and safe store of value in the long run"...
What are you smoking, dude?
BTC with it's built-in transparently fraudulent "deflationary spiral"...
Was DESIGNED from Day One...
To form Bubbles on rampant speculation...
And eventually go to zero...
After the principals unload their coins.
There are 100s of similar scams in Pink Sheets or Venture Exchanges...
People run boiler rooms and rip people off for a living...
Right in the heart of Wall Street.
Nobody cares about people who get ripped off for being stupid...
It's perfectly legal to convince stupid people to give you their $$$.