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Perhaps price spike is more of an apt description than bubble. A bubble implies a pop and as with the dot com bubble resulted in a lot of over priced companies
by celticninja 9y ago
Perhaps price spike is more of an apt description than bubble. A bubble implies a pop and as with the dot com bubble resulted in a lot of over priced companies imploding and becoming worthless. Bitcoin has never become worthless and has always gone on to beat the previous highest price.
Further when there is a price spike there is greater coverage and perhaps some underlying reason driving adoption, whether that is technology improvement or wider adoption etc this is what gets submitted to HN. These are the posts that gain traction, not the bitcoin = $2000 type posts, but positive or negative assessment s of the technology do well on HN because this is a tech site. Same thing happens with AR/VR, Tesla or any new tech, it's just that bitcoin is not like other tech.