> The problem with this statement is that many people getting into Bitcoin don't understand the underlying concept behind it A lot of the people proclaiming "B

> The problem with this statement is that many people getting into Bitcoin don't understand the underlying concept behind it A lot of the people proclaiming "Bubble! Stay away!" are in the same category. Or I'd go as far as to say they don't really understand market dynamics, and the fact that the value of anything is only the price someone else is willing to pay for it. And then there's the people who spread anti-Bitcoin FUD because they are either a) mad they missed out or b) threatened by what Bitcoin offers (maybe they're a rent-seeking middleman who would be rendered obsolete).