I have read some interesting predictions about bitcoin but this one won't happen at all.
It's simple, a lot of people haven't been around for that long. They only see Bitcoin's price going down, so they think the big bubble is over. They don't even consider there have been quite a few bubbles before! They need to experience some bubbles first, before they see that prices do go back up afterwards.
All in all I agree. But Bitcoin is not a one-way street. There is no assurance that it will go up again.
What I think most people lack here is some patience. Bitcoins has risen from near-zero to multiple hundreds of $$$ in a very short period of time compared to any other traditional investment, yet people seem to demand further price increases every day. I think Bitcoin needs quite another few months to digest the latest rally.
ya.ya.yo!
Yeah well, of course it isn't a one-way street, but if it should still continue to succeed, I guess we haven't seen the top of the mountain. There's still untapped potential, quite a lot of it, actually. That's why I remain optimistic about Bitcoin's future!