But price is not some magical thing that does whatever it wants.
Past bubble happened because people wired millions and millions on exchanges and you were clearly able to see it, among other things.
If price is about to go in a bubble you will be able to tell.

This time around it looks like nobody gives a flying fuck tho. At least for now.








$14-15M in bids currently on bistamp, bitfinex, btc-e, okcoin, huobi, btcchina, okcoin and coinbase ("$75M from NSYE!!!11!") combined, and still relentlessly going down.
3600 coins mined a day (almost $1M a day at current prices) and still 2 years of that shit.
Marketcap at $3.5-4 billion.