Why Bitcoin will collapse in price.

[Miracal]

Bitcoin is being accepted more and more across the globe, which means they have more people using it. I personally don't think it will drop like you said, but reading your post gave me 2nd thoughts. Thanks

As the use of bitcoin expands, its acceptance also expands with it. With more acceptance and supply and demand taking place equally, the currency will grow. The price will increase too accordingly.

[ammy009]

I don't agree with you. Bitcoin has more potentiality ! And it'll never collapse in price 

[Amph]

I don't agree with you. Bitcoin has more potentiality ! And it'll never collapse in price 

well the risk is always there, we can only say that the chance that bitcoin will succeed is greater than the one which can lead it to its died

worst case bitcoin will remain for a nice market, it will never die, because there is nothing that can replace it for that nice market

[thelibertycap]

bitcoin has been used as speculative investment from the day the first transaction has ever happened. it has been a medium of exchange and store of value even back then in the early days. it was not an average joe who were making the market back. it is the speculation that drives the market, in the early days even more so. bitcoin will be big not because people will buy burgers with it. no, it is the big players that will drive it to at least intel valuation levels (currently x42).

[Anony]

and the FUD begins .....

Bitcoin is the medium of exchange
The exchange ultimately resumed services after admitting that about $5 million worth of bitcoins had been stolen
If bitcoins are stolen continuously it will affect global economics in the future. 

Undergoing projects work on such drawbacks to protect bitcoin from stolen.
It will come soon in future.

[JorgeStolfi]

bitcoin has been used as speculative investment from the day the first transaction has ever happened. it has been a medium of exchange and store of value even back then in the early days.

Are you sure?  The first transaction, AFAIK, was Satoshi sending some coins to Hal Finney for test. I don't think that there was much investment in bitcoin until demand for use as the SilkRoad currency drove the price up.

[BlackSpidy]

Medium of exchange.

Bitcoin Fiat is only a medium of exchange when merchants accept it and hold onto it. Right now merchants are dumping bitcoin fiat for goods and services, so its not being used as a medium of exchange. This btw. also throws the transaction cost benefit argument right out of the window (spread).

Now will merchants ever accept bitcoin fiat and hold onto it?
No.

[Amph]

bitcoin has been used as speculative investment from the day the first transaction has ever happened. it has been a medium of exchange and store of value even back then in the early days.

Are you sure?  The first transaction, AFAIK, was Satoshi sending some coins to Hal Finney for test. I don't think that there was much investment in bitcoin until demand for use as the SilkRoad currency drove the price up.

not to mention that the price was nothing, so at launch bitcoin was only see as currency and nothing only, then when it acquired value, it start to become more investment and less currency

but i think in the future it can maintain a good ratio between the two

[GreenStox]

Bitcoin has a big p2p market right now.

√ African villages using bitcoin to trade groceries
√ Taiwan, China, Hong kong, Mexico and Argentina has many new shops accepting bitcoin
√ Massive online P2P markets, some are based on IRC chat, some are forums like this one (marketplace section
√ Some big companies accepting or considering btc in the future
√ The online gaming industry is considering to add bitcoin into MMO games as payment system, in the future maybe ingame currency
√ Gamblers, Porn, and other unusual things done via bitcoin

So why would the price collapse? The BITCOIN economy is thriving!!!!!!!!!!!!!!!!!!!!!

[dblink]

b) Governments will prohibt merchants from accepting bitcoins. Again: They will never give up their monoply on money.

This is what exactly I was thinking in my mind, It is indeed a bad situation for merchants when Governments prohibit them to do trading with Bitcoins, However these fear can be avoidable, If all corporates business people make a chain between them and force the government to adopt the bitcoin digital currency in their monetary systems.