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by onewaystreet 3452 days ago
I've seen comments like this posted on HN for the past 3 years. Bitcoin's "bubble" has already popped many times but it has rebounded each time. Maybe the next time will be the last, but a lot of people have been wrong about that so far.
3 comments

We're entering a new bubble, this one being driven as the Yuan crashes: https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&...

Just because it's being repeated doesn't mean it's wrong.

What constitutes a crash for the Yuan (3% over 3 months), is way less than the volatility of bitcoin in one day...
I can't tell if you're trying to say if the Yuan didn't crash or something else. Bitcoin's 3 month volatility is 85%.
Bitcoin has to end some day, but what Black Swan will bring about its end? The end should be factored in to investors calculations, but how? It has proven to be quite reliable so far, but the block size issue and I think fee increases are a negative.
Just because there are a few buyers and sellers trading bitcoins at a specific price, does not mean there is any real validity or pricing support for the rest of the market.

Facebook could sell most of their shares for today's bidding price.

If all bitcoins went on the market today, it would probably crash and never recover.

Even in a housing crash, there are creditors, deal-seekers and people who need a place to live who will stop the bidding from getting too low. And then people will come back eventually.

If/when bitcoin crashes, it's gone for good.