BTC crash poll

[Ibian]

So wait. Bulls got lots of solid reasons for why the price will keep going up, and bears have... "i want to buy for cheap"? Is that really it? That would be... disappointing.

[BarkinTree]

One more time. Bitcoin spreading from the nerd/speculator stage to the mainstream. The more people use it, the less volatile, and there are no obvious problems on the horizon. So, why, precisely, do all you crashers think it is going to crash? Please explain.

that's not how markets work. the price didnt go up 700% in several weeks based on adoption. this is driven by massive speculation. this rally has also taken us very, very far from the historic trend line. it is difficult to see how this could be considered sustainable. the things you are stating are not actually tangible -- sure, they are happening, but this is vastly being overstated by many because of the exuberance of the rally. at some point, this exuberance becomes quite irrational.

can you actually provide a basis for saying that bitcoin is going "mainstream"? personally, i think we are very, very far from that. i also think that if bitcoin ever gets mainstream, we will be talking about it when prices are multiple magnitudes higher than now.

[Ibian]

More precisely, starting to go mainstream. Wider news coverage, average joes buying, multiple large exchanges so any one of them going down won't upset the entire market, SR proving that drugs are not what's underpinning the system, big players talking about getting on board. I don't even know what it is you are asking. It's spreading, every day and it's becoming increasingly obvious.

And as for speculators, they have no interest in actually crashing the market - just in increasing their profits on the way up. Any hypothetical person or group who could crash the market, won't. There is too much money in it in the coming years for that.

[MicroGuy]

The crash is coming within 7 days and we'll go well under $300 then settle around $250.  

[raspcoin]

The crash is coming within 7 days and we'll go well under $300 then settle around $250.  

Are you willing to take a bet on whether it will go under $300 within the coming seven days?

[nerFohanzo]

One more time. Bitcoin spreading from the nerd/speculator stage to the mainstream. The more people use it, the less volatile, and there are no obvious problems on the horizon. So, why, precisely, do all you crashers think it is going to crash? Please explain.

that's not how markets work. the price didnt go up 700% in several weeks based on adoption. this is driven by massive speculation. this rally has also taken us very, very far from the historic trend line. it is difficult to see how this could be considered sustainable. the things you are stating are not actually tangible -- sure, they are happening, but this is vastly being overstated by many because of the exuberance of the rally. at some point, this exuberance becomes quite irrational.

can you actually provide a basis for saying that bitcoin is going "mainstream"? personally, i think we are very, very far from that. i also think that if bitcoin ever gets mainstream, we will be talking about it when prices are multiple magnitudes higher than now.

Not all the increase of price is speculation. Recent china events also mean increased adoption.

[1btcdream]

I think it won't crash because many high profile companies will jump on the bitcoins bandwagon in the coming months.