I can across this Nov 2013 video, which seems to really explain the current price of Bitcoin today (Feb 17, 2014)
Most people keep thinking that Bitcoin belongs around $1200 and anything less is a crash.
Take a look at this video, it is 20 minutes but very easy to watch, and makes perfect sense.
Title: Why Bitcoin’s Growth is Normal & The S-Curves You Could Never See
It also could explains how the whole cryptocurrency industry may very well still explode in value.
www.youtube.com/watch?v=qHUPPYzzZrI