Sorry but it goes more like this:
"As you said, at a certain point we'll find a stable price"
^^^ Yes, and that price will be at low double/single digits, which will take a few years. By that time, everybody will be starting to adopt semi-centralised technologies that work in a similar way as the blockchain to move fiat currencies (like the IBM adept project or others), taking what's useful about this whole crypto movement (a distributed ledger to move any asset/currency around, and smart contracts ) and discarding the unusable bullshit (bitcoin).
(dumb) VC money in the bitcoin space (which is not a lot of money by the way) will suddenly realise that it has invested in a mini dotcom bubble that is collapsing. Everybody will look at bitcoin as the little volatile, irreversible, non scalable joke that nobody uses or needs aside from drug dealers, speculators, gamblers, and libertards.
Yet here you are. Every. Single. Day.
Give us a break.
The exchange price could be sent back to 1000 for probably as little as twenty million dollars of exchange buying. What is that in the context of 500 million dollars of VC money flooding into the scene in the last year and a half. And you think these guys don't want a return on their money and are 'dumb'?
10,000 other random guys like me buying bitcoins each month are currently enough to buy up the entire mining supply. Next year after the halving that drops to just 5000.
That is the real reason you are here though right? Or do you post endless negative tripe on other enthusiast fora for other things you think will fail?
2013 was the year of Bitcoin.
You were here in 2011 bearish on bitcoin when it was 2 dollars. I would imagine you don't want to think about 2011 being the year of bitcoin. You have so much bitterness towards bitcoin (because you had the chance for wild riches and blew it by being cynical) that you will never be taken seriously on this forum Nagle.
