people say this when price from 1k go up to 2k on June. And what? everything still ok.
LOL, sure. All bubbles are A-OK for quite a while. What do you think the behavior of asset inflation really is? Prices keep going higher and higher, and more people keep piling in and buying more--and then something sets off waves of selling. It could be bad news, it could be anything. The mood suddenly changes.
Right now bitcoin is fighting off all sorts of bad news, and it's thriving despite all that. But you wait. It might not be this week or this year, even, and the price may be at $10,000. Something will kick off a shit storm of selling, and you'll see what a bubble looks like and how fragile it is. The fact that bitcoin is at $4000 after being at $1200 in 2013 isn't evidence against this irrational exuberance.
Amen!! Some folks werent here when we slid down from 1000. Everyone was sooo bullish right before, we approached 1k and people were screaming 3k in a year. It was pretty much the opposite of that. It slid down, slowly, to about 300, before it started to pick up robustly. Mining companies stopped mining it was so bad.
Growth like this isnt sustainable folks. What goes up, especially on some hot shit, must eventually come down.
