On the other hand, we can never be sure whether the run-up to the next bubble begins before this one has hit its own bottom. I suspect this is what happened after the 2011 bubble.
That makes a whole lot of sense. I will have to think about the ramifications.
On the other hand, we can never be sure whether the run-up to the next bubble begins before this one has hit its own bottom. I suspect this is what happened after the 2011 bubble. That could mean a bottom around $30 this time. But these are wild guesses.
The real problem is, we can never be sure that Bitcoin will have another bubble at all. I don't know whether it can survive the bear market with its position as Digital Cash #1 with things like altcoin competition (Litecoin is coming to MtGox, and Ripple might be a true future competitor) and problems like the block size limit. Thoughts?