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A comment on Bitcoin exchange rate reached $100 USD per BTC.

Re:Bitcoin exchange rate reached $100 USD per BTC by mikemoka on Monday April 01, 2013 @11:11AM (#5473499)
How could the bitcoin exchange rate reverse its trend and start falling? Do you have any scenarios in mind?
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Re:Bitcoin exchange rate reached $100 USD per BTC by yxhuvud on Monday April 01, 2013 @03:09PM (#5475198)
I imagine it will look roughly like the last time it crashed:

http://static.guim.co.uk/sys-images/Technology/Pix/pictures/...

90% of the value were lost in a few months. The market seem even frothier this time so I'd expect the eventual pop the be harsher as well.

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Re:Bitcoin exchange rate reached $100 USD per BTC by cadetzero on Monday April 01, 2013 @11:21AM (#5473576)
US government declares it an illegal currency, and if you accept bitcoins at your business you will be investigated. Game over.
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Re:Bitcoin exchange rate reached $100 USD per BTC by tomsthumb on Monday April 01, 2013 @11:34AM (#5473682)
Some numbers are illegal, but that's because they have particular uses (Crypto etc). How in the world would the US be able to declare possession and exchange of data illegal?
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Re:Bitcoin exchange rate reached $100 USD per BTC by omni on Monday April 01, 2013 @12:14PM (#5473957)
Child pornography stored on a computer is data. The possession and exchange of child pornography is illegal.
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Re:Bitcoin exchange rate reached $100 USD per BTC by MacsHeadroom on Monday April 01, 2013 @11:49AM (#5473776)
They would have to define it to ban it. Bitcoin would just evolve to no longer fit the ban. There are already dozens of other cryptocurrencies brooding- just waiting for a scenario where Bitcoin is pushed out to make more room for them.

A ban on bitcoin will work about as well as a ban on piracy.

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Re:Bitcoin exchange rate reached $100 USD per BTC by specto on Monday April 01, 2013 @12:08PM (#5473905)
Not really, since the success of bitcoin still relies on conversion to another currency.
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Re:Bitcoin exchange rate reached $100 USD per BTC by knowaveragejoe on Monday April 01, 2013 @12:41PM (#5474165)
Additionally, the same applies to those other digital currencies as well.
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Re:Bitcoin exchange rate reached $100 USD per BTC by comicjk on Monday April 01, 2013 @12:37PM (#5474133)
If speculators decide they've had enough and start selling, then the bitcoin will return to a value based on its usefulness for transactions, instead of its attractiveness as an investment. How far it can go down depends on the size of consumer bitcoin demand vs investor bitcoin demand.

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

This is the value over a larger time. Sustainable?

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Re:Bitcoin exchange rate reached $100 USD per BTC by astrodust on Monday April 01, 2013 @11:24AM (#5473601)
A massive chain-split that erodes confidence in the perceived value of the currency.

Gold is a tangible substance. BTCs are just data and we all know how volatile that can be.

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Re:Bitcoin exchange rate reached $100 USD per BTC by DennisP on Monday April 01, 2013 @09:21PM (#5477126)
They just had a split. They resolved it in short order and the value skyrocketed after that.
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Re:Bitcoin exchange rate reached $100 USD per BTC by astrodust on Tuesday April 02, 2013 @12:12AM (#5477649)
It was a relatively minor split. I mean a split where nobody can tell what's what. That would pretty much end this experiment.
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Re:Bitcoin exchange rate reached $100 USD per BTC by fnordfnordfnord on Monday April 01, 2013 @02:10PM (#5474793)
The 'cryptobarons' or some currency speculators who hold large quantities of BTC could dump them on the open market and crash the price.
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