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November 30, 2013, 06:15:44 PM |
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Yeah I think he does get it more or less. He still thinks its 'probably a bubble'. I think a lot of people will be worried about Bitcoin being a bubble. Run through the process in your head - imagine that Bitcoin collapses to zero. Is there a point at which you would buy some, just in case? e.g. if it goes to $1, will you buy a few hundred (or thousand?) knowing that if it recovers, its probably never going back down? Do you think others may do the same? At what price would they do so?
Now do you still think the bubble can burst completely? Or do you think maybe it will go through a cycle of bubbles and crashes, which get progressively less intense as the user base increases?
What seems to be happening so far?
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