...but this ridiculous price bubble will destroy Bitcoin and probably all other cryptocurrencies when it pops. For 99.99% of the Bitcoin community this is irrelevant as you are involved purely to profit, you have no ideological in the underlying concept, but for those who are genuinely interested in alternative currency models it's a pending disaster.
The speculators will move on when it crashes, the winners will take their winnings and the losers will lick their wounds. The people left behind who are ideologically invested and not just financially so will find they've been left salted earth.
This has been said forever.
Its just the way Bitcoin works. It bubbles, crashes to a higher point than when it started, then everybody says its dead, and a couple of months later we're back at all time highs both in terms of price and adoption.
The speculator's aim to profit just provides further liquidity & gets us some press coverage. No harm done.