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<blockquote data-quote="James Fake" data-source="post: 651343" data-attributes="member: 2302">I agree 100% with ya'll two with the only exception being of [USER=39887]@lewj24[/USER] defining it as a soon-to-implode bubble. I think a 30-40% correction which occurs often would fit what you said better. A bubble to me is when something implodes because there was absolutely nothing in value to begin with. Bitcoin's vast network of miners &amp; it's infrastructure alone is worth ~$7000 in my opinion. I think it's a fair price. Nothing in value to me would be home loans based on fudged numbers or vc money pouring into me-too ideas with terrible execution (equivalent to creating &amp; selling a private label Garlic Press on Amazon). Bitcoin, when viewed deep, fits neither.I also think the crazy increase this past year doesn't say bubble either. To me it says, early majority adoption is on the front edge. With a world-changing tech like this; crazy rises are only crazy because it's comparing to what's already out in the world now... but you can't compare it to the current world.</blockquote>

[QUOTE="James Fake, post: 651343, member: 2302"] I agree [B]100[/B]% with ya'll two with the only exception being of [USER=39887]@lewj24[/USER] defining it as a soon-to-implode bubble. I think a 30-40% correction which occurs often would fit what you said better. A bubble to me is when something implodes because there was absolutely [B]nothing[/B] in value to begin with. Bitcoin's vast network of miners & it's infrastructure alone is worth ~$7000 in my opinion. I think it's a fair price. [B]Nothing in value[/B] to me would be home loans based on fudged numbers or vc money pouring into me-too ideas with terrible execution (equivalent to creating & selling a private label Garlic Press on Amazon). Bitcoin, when viewed deep, fits neither. I also think the crazy increase this past year doesn't say bubble either. To me it says, early majority adoption is on the front edge. With a world-changing tech like this; crazy rises are only crazy because it's comparing to what's already out in the world now... but you can't compare it to the current world. [/QUOTE]

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