I've never said bitcoin is a bubble. All I said is that every time bubble is mentioned or something says the rise in price might be unwarranted, mob mentality kicks in and attempts to discredit, bury, or argue away the points.
Your comments here are a perfect example of what I'm talking about.
Mob mentality implies irrationality. Care to explain why the mob is wrong?
I also want to know.
If someone at a mathematicians' conference suddenly yelled "two and two always equal pi!" and then everyone else in that public place shouted him down, the initiator is still wrong. The people shouting him down may constitute a mob, but they would be right.
I think it's very important that we ensure that the false idea that bitcoin is a bubble market does not gain traction. Because the fact is, it's not a bubble market. It is a highly speculative, fast-growing market. There will be peaks followed by dips, and people who enter at the peaks will lose money. But it will eventually level out at a price much higher than the dip. That doesn't make it a bubble, and people who say it is need to be corrected.
Well, kiba's post was edited after my reply. See my quoted segment for his original question.
Anyway, there is no right or wrong here. It's all speculation. Again, I'm not arguing which is right or wrong, all I've said is for everyone to be careful and keep your eyes peeled.
But again and again the mob mentality jumps on anything that isn't pro-bitcoin-going-up-forever and insists on explanations or proof or something. I can provide the same amount of evidence as everyone else as to the future value of bitcoin: NONE
. I'm just pointing out that any posts about bitcoin value rising again and again here are welcomed with open arms, while anyone who says otherwise is immediately piled upon by the crowd. I haven't even said there is a bubble, just advised everyone to keep their eyes peeled, but I'm feeling the wrath of the forum anyway.