According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we?
Think of the bitcoin market as a 30 day old human embrio, with tail and fins. If you where an alien, could you predict the final form of the adult individual just by looking at the embrio, without having seen another similar species before?
http://i.ehow.com/images/a04/d0/gj/what-human-embryo-development-800X800.jpgForget about what old aliens say about the development of tadpoles in planet Frogger XI.
