Bitcoin is quite possibly in its mania phase of this current bubble. The idea that it will never go down in price is proof of that. Nothing goes straight up forever.
uh, can you point me to the mania? where's the talk of bank loans and buying lamborghinis? people have been dissing this rise all the way from the mid hundreds.
if you want mania then check an ethereum forum.
He's right about the mania. Every other post in this thread is about how great of a time it is to buy because the price is dropping and everyone posting sentiment like that believes it is garaunteed to go back up. Nothing could be further from the truth. Nothing is garaunteed about price, and ultimately you could make money if you buy now, but if you're doing so because you think you're guaranteed to make profit, you're just a lucky idiot.