[bayesianhorse]

I wonder what would have happened to the Internet if it had been called a bubble as persistently as bitcoin is...

It's almost as if "real" economists have an emotional need to say "I'm not stupid! I can recognize an obvious bubble!"

[skhamkar]

Seems like everyone is looking to call something a "bubble" after 2008. In this case, this type of increase and crash seems to correlate with other bubbles like the 1987 crash or the Japanese crash in 1989.