In addition, if things mature, you'll see users that aren't in for speculation profit, but rather for moving funds.
+1, that's why I'm here.
I do feel sorry for those of you who've never dealt with highly speculative investments before and who got lured in by promises that the sky's the limit (sometimes from other noobs, sometimes from scumball pumpers), but pyramids are everywhere... People get pulled in all the time. Someone has to be the example we can point to.
That said, I'm laughing the whole way down because the people who're losing big are the silly speculators who ran it up in the first place, and they're the ones who're making BC so volatile that I can't use it as a transactional currency. I want to buy things, not invest in hopes and dreams, and I can't have my thing until yours is thoroughly crushed.
It's why I'm pushing the idea of a speculation-resistant altchain. Things shouldn't be allowed to get here in the first place.
I'm still expecting at least a 300% rally. But not from $3 to $9, expecting that would be insane. But $1 to $3 is within the realm of possible.
... which is why I think BC is economically broken. I figure it'll start lower than a buck, but same idea. I'm afraid we'll have a series of mini-bubbles which will prevent stability from happening for at least a couple more years, during which I'm wasting time and money on international wire transfers to get business done, and feeding PayPal a cut for the small stuff.
Unfortunately the only way around it is a different economic model, and altchains aren't going to be taken seriously any time soon.