If you read back into the Wall Observer you will find what I am talking about (as an example). Every run up is essentially the same. While the price may differ and the ecosystem may be becoming more mature with each new price bubble, human nature has not changed.

While diverse, most Bitcoiners can be separated in into a few common categories: HODlers, Mooners, Permabears, miss the boat FOMO types, etc. Each time the price explodes you get waves of people who believe this is the big one that will be all end all, the ones who believe that it will never touch the basement levels again, those that think it “can’t go that high,” those that believe it's a speculative bubble driven by (insert random Chinese exchange, some new law, massive adoption, institutional money, etc) and then there are the few and mostly silent that understand basic human instincts drive and are influenced by what is going on.

I’m not sure where some individuals 'learned’ the belief that the financial sector can growth exponentially indefinitely... Understanding humans are heavily influenced by sentiment allows you to understand the predictions being made by some people in these forums. Bullish/Bearish, these things only matter with regards to sentiment. Instincts dictate behavior while sentiments influence instinctive behavior.