Re: I believe the price has nowhere to go but down and here's why I think so.
Out of the around 40 people I brought Bitcoin up to, only two people had seen something about it in the news, and I've only convinced one person to invest in Bitcoins. I brought it up in a community college class this week and not one person new what Bitcoin was. I explained what it was, they looked at me like I was crazy and it was awkward... So nowhere near what I'd call mainstream.
I told my sister one BTC could perhaps be worth $10,000 or more and she was suddenly interested.
I think it is how we introduce it. Of course, I told her that they could be worth nothing someday too but that it was really a great think to gamble on. The odds are that it could really take off. I have had the awkward looks too. I really do not tell many people about BTC because of that. Of course there will be people that think we are crazy but they will be the same ones that are telling everyone to buy them when they are over $1000 each.