I personally doubt that after fall to 100-200$ bitcoin will rise again.
Just scare to think about all those people who newly bought all those gridseeds, dragons with THs of power, thinking they will get money back.
But now, difficulty is still rising, and value is falling. This hardware will never ever get your money back.
Is htere any other purpose for SHA256 ASICs? Can you hack protected files with it?
Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".
Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...
I actually agree with the donkey on this one. Low price has little threat to bitcoin. Right now,a low price would actually strengthen bitcoin, not weaken it. There has to be a solid bottom and certainty, so things could get moving again. Right now everyone who has a clue, are on hold because they have started to realize that the current price is only held up by desperation, denial and overly optimistic hopes. So, this uncertainty is actually slowing down all the progress that is going around bitcoin. I was already begging in January for people not to pump the price up when it is only supported by denial, desperation and hype. It was easy to see that the only thing it does, is it made the process a lot longer then needed. BTC should have fallen at 300, rested there for a month and now we would already be on a solid uptrend. But the fools kept pumping the market and created a lot of uncertainty about the present situation. But now the fall will take longer and the drop will be deeper.
Only real threat to bitcoin is competition, since the entire idea of open-sourced monetary systems is too big to just put it back in the box. The price may fall, but as long as there aren't solid competition, then it won't kill bitcoin itself.
In the same vain as your post but I'm thinking year not months. On this note it reminds me of a metaphor Gavin made paraphrasing it went like this.
Developing for Bitcoin is like driving a car at 120km per/h while trying to build the steering system or change the tiers, while the occupants fight over the steering wheal and there's a big guy called satoshidice who has the music on full volume with his foot flat on the accelerator.
A crash in price like the kind that would make me cry is just what Bitcoin needs. Shake out the weak ASIC developers, give core developers space to do what they do. It will be very good fore the core believes to test there faith.