you mean 99 or 299?
I mean 99.
What's the reason for another crash? I don't get it?
Speculation.
Right now, most of Bitcoin's value has been speculative. In other words it hasn't been needed as a currency and its speculative value as such is available to chart traders to make money on. They can take the value anywhere as long as the monetary value (the amount of Bitcoin that's needed to fill the pipes of retail merchants, international money transfers and all needs other than those of speculative 'gamblers') remains below the market value.
If the Bitcoin price were to go to $99, the marketcap would still be around $1.3 Billion. Probably more than enough to cover the turnover of the current bitcoin economy when you exclude speculative trading.
Remember, Overstock only took around $3 million in bitcoin sales last year. Lets be generous and multiply that by 100 to pretend that Overstock's Bitcoin turnover is only 1% of the industry total. That gives you a marketcap of $300 million which, when you factor in the coin supply, comes out at a bitcoin price of $23 dollars.
So 23$ is the bottom below which it's undervalued. Therefore even at $99, speculative trading would still have a margin over the 'real' monetary value of bitcoin. They are not likely to go below that though because the future prospective monetary value is so high that the speculative premium would be huge at that price level and such a low valuation would be unlikely to last long.
This is why I keep saying that adoption is everything. By garnering adoption you raise the floor below which speculative traders cannot go. Darkcoin has huge mileage to be gained in this domain and, to me it's going about it the right way. By taking the "warts an' all" approach where the problems all come to the surface early, thereby keeping the speculative premium low. The developer team can try things out and on a community that's reasonably accommodating and keep the balance between consolidation and development at an optimum without causing huge disruption in the markets. (The tiny wee DRK market that we have right now).
There is one thing that any market values over everything else when it comes to technology: reliability. It's like air safety. Something that's never spoken about by airlines but that underpins the value of everything they do.
If a cryptocurrency project is taking on a challenge as difficult as total anonymity (in addition to the 'double spend' problem which has only just been solved after decades of research) it would do well to concentrate on nothing else.
A product that does very little but very well is a dead cert for adoption. People don't care about bells and whistle's, they care about doing the big things right, and right every time. Mundane repetitiveness sells which is why I made my post yesterday about Darkcoin starting to leave the competition behind.
InstantX would be nice but we must not be distracted. Cryptocurrency is a monetary base - not a payments system. Anonymity and speed of confirmation are way different objectives and one should not be compromised for the sake of another.
The reason that I am not bothered about InstantX and that I think Darkcoin should not be wasting its time on it is that point of sale systems (POS) will never be be doing direct transactions with the blockchain. That will be taken care of by payment processors. The blockchain is a clearing system that is at least 1 tier away from point of sale. It doesn't matter if blockchain confirmation time gets down to 5 seconds, it still will never be able to compete with a buffered point of sale system that can instantly reverse the packet of cornflakes that the cashier accidently rung through from the person behind you in the queue.
For that reason, for me, Bitcoin's blockchain clearing time of 30 minutes to 1 hour is going to be much more attractive to the retail industry that a confirmation time of 20 seconds. 30 minutes at least sounds like it has reliability behind it whereas 20 seconds will sound flaky as f*ck.
Banks have a clearing time of 1-2 days so there isn't exactly a lot of urgency.
Stick with the anonymity priority for this coin because that's what it does well and a reduced blockchain confirmation time will only make it look like a toy.
I never thought of that. However, I thought we wanted to get away from clearing houses and the banking industry? I thought we wanted it all to be a pure cash like system? No place for government to get involved. I see now that the old system is going to continue to control what's going on despite all this work. Hummm
WTF
They know that Italy and Spain is next. 
