According to Panos Mourdoukoutas, Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, when the bitcoin bubble will burst, there will be a final stage, which he calls “mania”.
The professor explained that every bubble has the same attributes, which is often confused with healthy bull markets. The pattern starts with investor hype over a popular topic. This theme can be an exotic product or an emerging industry, which promises a major change to the world while making the investors rich during the process, Mourdoukoutas wrote.
Read more here: https://www.cryptocoinsnews.com/economics-professor-the-last-stage-of-the-bitcoin-bubble-is-yet-to-be-reached/
I don't think we are in the mania phase. We still have a little while until that hits I think.
Interesting post and article. thank for posting.
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I've been waiting for the burst forever now, but do you really think it's gonna happen? After discussing it with some friends we came to the conclusion that is probably stable at the current price.
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Nice post!, this is interesting! Since this year is also the first time that another cryptocurrency could reach a higher market cap than bitcoin and the next few months of bitcoin will be completely unpredictable with all the fork drama talk surrounding everything for August.
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i think when there are still skeptics then it is still not a bubble. A bubble to me is when majority feels that the party will go on. But the party could go on since there is a limit of supply of bitcoins. Good information on the aspects of a bubble.
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Its not. The August 1st date has kept many skeptics away from bitcoin. It'll rise once that dust settles.
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