The only reason someone is buying on ox now is to cash out on a exchange with USD withdrawals. That's why there's a continued spread against the non-gox exchanges.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
I don't doubt what you say. The thing we have to fear with a high price is that we get noticed. It is better to have a low profile for the next year or two, build the infrastructure up and then take off. I imagine there will be a bit of accumulation during that time and the next move up will make the last one seem tame by comparison. A lot of this depends on what happens with our economic system though and the world situation.
If it comes down and believers accumulate more and then later the price is sky high, I hope those with lots will help society to go forward as things might be getting ugly the next few years.
Let us not forget the true purpose here. We are slowly adopting a new system and supplanting one that has been responsible for enslaving mankind via wars, usury, etc. for thousands of years.
