But then it shall drop and shall become under-valued for a while - let's say 10$ ??
GotBitCoins
In 2011 everyone expected Bitcoin to die. Only complete morons will assume that today. Everyone knows that another default like Cyprus is just a matter of time. Considering the youth unemployment in Greece and Spain, a civil war there is imminent, with everything that entails (forced war bonds, outright confiscation....)
Argentinians get to know the advantages of Bitcoin while the government goes full scale totalitarian these days. If you want to sell Mendoza wines or beef, there are 2 possibilities: Get payment through the banking system and lose 60% at the official exchange to Pesos, or get paid in Bitcoin.
And with all these possibilities of massive upturn, you expect $10?
The it would be more than triple digits. But by then, hope that the system is good and we can support that masses getting in. 3 major exchanges with one being FuckGox?
And what about those that buy coins ad let's say 2421 dollars to pay their employees and next day coins are 2634? profit right? what about the stupid employess that will hold a few days more? with these price swings I don't want to be paid in bitcoins. What goes but cand go down.