US media frenzy hasn't even begun yet

[Herp]

This forum is full of cheap dilettantes who don't understand the meaning of the word "bubble" and throw it around with the ease of taking a quick piss.

Just have a look at the stock of Microsoft or Google or 3D Systems and notice the growth they've experienced.

Do you know where price of Microsoft stock should be hadn't been for all the stock splits?

Microsoft has split its stock nines times since it went public back in March 1986. Put very, very simply, a company will generally split its stock when its share price becomes too high.

Since Microsoft has had six 2-for-1 splits and three 3-for-1 splits, one original Microsoft share would now be equal to 288 shares today. Interestingly the price of Microsoft's stock at its initial public offering was $21 a share, at the time of writing a share is now around the $23 mark. One original MSFT share would now be worth over $6,000.

http://mashable.com/2010/07/17/microsoft-facts/ This was 2010 info where MSFT was $23/share. Price now is much higher.

So please take that bubble retarded mediocre talk somewhere else. Mainstream media uses this BS "bubble" a lot to describe Bitcoin. I don't need to hear same BS idiocy of infantile twats on this forum also.

Growth is not synonymous with bubble!

It is when it's followed by a crash. The market behavior we have seen pretty much fits the textbook definition.

Definition of 'Bubble'

1. An economic cycle characterized by rapid expansion followed by a contraction.

You're wrong. There hasn't been any "contraction" in Bitcoin. There has been only exponential growth so far.

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[darkmule]

You're wrong. There hasn't been any "contraction" in Bitcoin. There has been only exponential growth so far.

So the price has never, ever gone down.  It's just been a straight line upward at all times.  Okay.  Got that.

Nice name.

[derpinheimer]

Didn't you get it? The last 6 month was one giant bear trap.

Those are scary statements you are making. Please say the opposite to appease me.

[Herp]

You're wrong. There hasn't been any "contraction" in Bitcoin. There has been only exponential growth so far.

So the price has never, ever gone down.  It's just been a straight line upward at all times.  Okay.  Got that.

Nice name.

It's not about the price but about growth (either positive or negative). Bitcoin's growth never stopped but expanded exponentially. "The Market is always wrong" when it comes to putting fair valuations.

The fluctuations in Bitcoin price are irrelevant as the Bitcoin ecosystem kept growing exponentially. The growth of the ecosystem itself never experienced a sudden drop like that price drop from 2xx to 5x.  

Many offer the "tulip mania" example when it comes to bubbles but thing is there never was a real demand to justify that tulip price, unlike with Bitcoin.

A real bubble is created when price becomes totally disconnected from the reality on the ground. Bitcoin is currently undervalued thus talking about bubbles is retarded.

[600watt]

Didn't you get it? The last 6 month was one giant bear trap.

epic

[bassclef]

Didn't you get it? The last 6 month was one giant bear trap.

[Herp]

Didn't you get it? The last 6 month was one giant bear trap.

Shhhh! I'm not done buying yet.

[SgtSpike]

Didn't you get it? The last 6 month was one giant bear trap.

I should probably figure out what bear trap and bull trap mean.

[SgtSpike]

Didn't you get it? The last 6 month was one giant bear trap.

I should probably figure out what bear trap and bull trap mean.

Google wasn't very helpful, was it?

[bitcryptonit]

You're wrong. There hasn't been any "contraction" in Bitcoin. There has been only exponential growth so far.

So the price has never, ever gone down.  It's just been a straight line upward at all times.  Okay.  Got that.

Nice name.

It's not about the price but about growth (either positive or negative). Bitcoin's growth never stopped but expanded exponentially. "The Market is always wrong" when it comes to putting fair valuations.

The fluctuations in Bitcoin price are irrelevant as the Bitcoin ecosystem kept growing exponentially. The growth of the ecosystem itself never experienced a sudden drop like that price drop from 2xx to 5x.  

Many offer the "tulip mania" example when it comes to bubbles but thing is there never was a real demand to justify that tulip price, unlike with Bitcoin.

A real bubble is created when price becomes totally disconnected from the reality on the ground. Bitcoin is currently undervalued thus talking about bubbles is retarded.

very good said.

[Tirapon]

You're wrong. There hasn't been any "contraction" in Bitcoin. There has been only exponential growth so far.

So the price has never, ever gone down.  It's just been a straight line upward at all times.  Okay.  Got that.

Nice name.

It's not about the price but about growth (either positive or negative). Bitcoin's growth never stopped but expanded exponentially. "The Market is always wrong" when it comes to putting fair valuations.

The fluctuations in Bitcoin price are irrelevant as the Bitcoin ecosystem kept growing exponentially. The growth of the ecosystem itself never experienced a sudden drop like that price drop from 2xx to 5x.  

Many offer the "tulip mania" example when it comes to bubbles but thing is there never was a real demand to justify that tulip price, unlike with Bitcoin.

A real bubble is created when price becomes totally disconnected from the reality on the ground. Bitcoin is currently undervalued thus talking about bubbles is retarded.

I disagree. It WAS a runaway speculative bubble that burst. But you're right, Bitcoin is seriously undervalued. It's just that when growth is too fast, we have to correct to a more reasonable level before continuing to grow.

[darkmule]

I disagree. I think it WAS a runaway speculative bubble that burst. But you're right, Bitcoin is seriously undervalued. It's just that when growth is too fast, we have to correct to a more reasonable level before continuing to grow.

While the term has negative connotations, all a "bubble" denotes is simply a period of expansion followed by a rapid contraction.  One can determine that somewhat objectively by simply looking at a graph.

If this doesn't look like a rapid contraction to anyone, they need their eyes or their head examined:



I certainly wouldn't mind putting "bubble" in quotes, because the price of BTC generally settles far above where it was when the "bubble" started, but still well below the peak price, and generally slowly increases in price after that before another cycle.