At the moment it is speculative.  You can believe in the blockchain technology and still think bitcoin will crash I think.

However, there is a vast amount of infrastructure being built around bitcoin the currency, which adds value (cash stations, merchant integration, etc)
And of course, lurking in the background is the entry of wall street, which would be a game changer imo.

Even with new merchants, the price of bitcoin is still tied to fiat.  And it's laughable seeing people arguing this idea.

So tell me, if 1 bitcoin = 1 bitcoin is all that matters....then whyaren't you able to walk into a dealership and buy a lamborghini with 1.0 btc? Why can't you go on overstock.com right now and purchase an asus laptop for 0.3 btc?  Yeah.  Because its purchasing power is forever tied to the U.S. dollar.

Assigning a fixed, 1:1 arbitrary value to itself doesn't work in the real world when you want to use it.  If its market value keeps dropping (which, this has been one of the first stories I've seen on the national news, which just happens to be the crash of bitcoin price tonight) no new individual investors are going to want to touch it with a 10 foot pole.  Lol, why would anyone want to sink money into an ulta volatile  ship while it's soaring head first to the bottom of the sea with no sign of rescue?

Yeah. Whether you believe Bitcoin will go up or not, every man on the street knows about Bitcoin now. (Or so the bears do say!)

It's risky, but it always has been, it's the name of the game. It's never been a sure bet. At $10 people were spewing doom and gloom (and there was far, far less evidence then for success measured in adoption).

Are you the new riiiising? Did the prices finally fallllll to your desired buy point?

I understand your opinion but there are professional investors who have been waiting for the chance. While they might not be "smart" money throwing 100k towards 100$ BTC could prove to be a shrewd move and that is how a lot of them are playing it.

buy

Exactly. This forum is way too open for my taste.
We usually have 2 situations: a) Price is high, people (FUD spreaders, trolls, noobs) complain about early adopters.
b) Price is low; the same people are claiming that Bitcoin is dying.

You can't just satisfy such people at all. I'm starting to think that hiring a lawyer and suing such people would be the right way to proceed. After all, law enforcement has started watching the web for speech of hate and the likes of it.
Wouldn't this apply to Bitcoin as well?

That is a possibility, yes. Maybe bitcoin is just waiting for enough volume to render it stable once again.

I agree with you.
Because of ''investors'' and their ''hunger'' for fast money, we have this situation with bitcoin.
They are in panic and selling everything.
When we get rid of them, price of BTC will stabilize and raise again.
After that, as suggested, we may become new Early Adopters

try $162 on btce couple of times
lower on some other exchanges