I dont think that will ever happen. People dont stop playing the lottery no matter how often they lose. As long as there is volatility it will attract daytraders, as long as there are daytraders and they are setting the price based on nothing but mood, there will be endless bubbles and bursts.

If anything, I have more hopes that Mt Gox' legal issues and the consequences of that will put a brake on wild speculation. If they are going to be forced to comply to financial regulations, its going to cost them a pretty penny, which I *hope* they will pass on to traders. Not unlike a tobin tax, it wont prevent anyone from taking a long term position, particularly considering the near limitless potential up and down of bitcoin, but it could, and hopefully will kill most of the daytrading casino.