Well, I'm sure there are enthusiasts like me who see the price go up and conclude they should mine more or see the price crumble and send money to Gox. I would only take my money out if I really needed it but I fear a bit that by the time I have to take it out, I will be in for a great loss.
But there are sure also people that know how to trade and recognize a bubble when they see one. These guys are not emotionally connected to the idea of BTC but see this as gambling. If all the BTC were owned by enthusiastic supporters of the project, I wouldn't loose faith that easily
"I find [some people's] lack of faith disturbing."
I find [some people's] blind faith disturbing.
Actually, that is not exactly true. I'm glad to see it because these people may help me end up in the green, but I suspect that Bitcoin will ultimately survive, if it survives at all, on the back of people who have a more coldly pragmatic view of the world around us and who are innately aware of both the virtues and the warts of the solution...and of alternate solutions (i.e., gold, or even the USD for that matter as everything has it's strengths and weaknesses.)
thanks for passing back that ball: http://www.youtube.com/watch?v=mI8GEidaMMI
to be serious:
of course blind faith is always bad, that's not what I meant. lately I have been reading a magazine about the biggest inventions. some genius ideas took decades to take off. time was running slower a couple hundred years ago, but still. the concept of cryptocurrency is huge and I am quite sure it will prevail.
the question is, will it be bitcoin? network effects help a lot, so if there are no big mistakes it could be.