So I'll give up on the Synaptic's first point. Xephan, I appreciate your points, but I'm trying to pin Synaptic down here like I'd try to pin down someone on Fox News peddling tripe.
Next point.
Here's the fact of the matter:
...
+ The price run-up happened SOLELY on hype alone. There's not much analysis that needs to be done here. It was clearly a bubble that started with the Silk Road coverage, inflated with the mining craze, and ended with the Gox scandal. That's it folks. Bitcoin jumped the shark 3 weeks ago.
How can you predict the long term success of Bitcoin on the basis of a short term transient market move the first time it became widely known?
I'm not predicting the long term success of bitcoin I'm telling you that the market value relative to other currencies will continue to shrink until it reaches it's highest sustainable point somewhere below $10 and above $0.01. You're just twisting my observations relative to your own worthless antithetical agenda.
Bitcoin can be "successful" by a number of measures, yet still have little to no value in real currencies.