Found this sophisticated blog post supporting the bitcoin fearmongers an interesting read... http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/
Problem with bubbles is even if you identify one, you can never know how big they're gonna get before they pop.. so who know where on this graph we really are.
further Reading about bubbleeconomics is needed. http://people.hofstra.edu/jean-paul_rodrigue/jpr_blogs.html
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Found this sophisticated blog post supporting the bitcoin fearmongers an interesting read...
http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/
Problem with bubbles is even if you identify one, you can never know how big they're gonna get before they pop.. so who know where on this graph we really are.
further Reading about bubbleeconomics is needed.
http://people.hofstra.edu/jean-paul_rodrigue/jpr_blogs.html