some people have always been FUDing and some other people have always been Hyping bitcoin. these days that price is making a move the both groups are actively at work! although it is surprising to me that you have only seen the hype since with a quick look at this board or on some news sites you can see that the majority of the posts are negatively FUDing bitcoin.

as for being "over hyped", the answer is no. the hype w as over about 9 months ago when the bubble burst and the price corrected itself by dropping more than 60% and the majority of hyped up newbies with weak hands who wanted to become rich overnight left the market.

now bitcoin is under-valued.