interesting read and valid points, page-2

With respect, I think the people who are trading bitcoin could care less about what happens in the long term.

All the big traders see is an opportunity to buy low and sell high, sometimes in a few minutes. Short and long.

One exchange site already offers HFT trading in bitcoin. That's why I think wild volatility is the best thing that can happen to it. If you watch an actual quote screen, its obvious that it is becoming like HFT share trading with dozens of tiny trades and the occasional big one.

There are so many ways to play with bitcoin.

I think its amusing to observe the big boys, banks etc that are pooh-pooing it. Given that most of them have their mothers for sale if there's a dollar in it, you can bet that if bitcoin persists they will change their tune dramatically.