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RE: Proof that Bitcoin is on a Bubble
Dont see any proove here... bitcoin begin to me more known that every other world invest except silver gold... its new for lot of people and begin to be accepted as an invest in bank...
yes but this shows that people are being incredibly irrational in buying bitcoin for higher values than what its worth. People cannot prove this with bitcoin because it has no intrinsic value, but this has a calculable intrinsic value which is much lower than what it is being sold for. This basically shows the "madness of the crowd."