Quote from: alyssa85 on August 12, 2017, 11:29:57 AM

I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.

That's the fun part about this graph. While it gets posted during every growth phase it's almost always applied only to the current cycle, not the big picture. Plot twist being that all the cycles we've seen so far may just be blips on what in retrospective may very well have just been the stealth and awareness phase.

Growth has been healthy so far, but it looks indeed like we may be entering the mania phase of the current cycle. Possibly even of the big picture. On the other hand Bitcoin might simply stabilize which would also be fine in my book.

Quote from: cafucafucafu on August 12, 2017, 11:53:00 AM

That image is nice, unlucky you cant post it. This might not be a bubble at all, especially with the recent drops in value. There was a drop to 2000 a while back before August the first, we then recovered and we rose to 3000, stabilised there and then pushed up to 3.5K. Then we dropped to 3.1K and now with more pumping from miners, we have reached 3.8K.

If we are in a bubble though, I would say we are in the media attention phase now, people are getting more and more interested with bitcoin daily and the media is also following suit.

The drop to 1850 looks suspiciously like the bear trap in said graph. I too think we're not in a bubble yet, but there's not much missing to turn the current growth phase into one.