On top of that, I'm pretty much with 40hz. Enjoy the bubble before it bursts.
I intend to!
What are some other bubbles? Tech in 2000. Housing in 2008. The Asian currency crisis in 1997.
Here's (a bit of a dated) article on 10 bubbles:http://www.dailyfina...at-could-soon-burst/
It includes the USD.
The question is which bubble will burst first. The fiat monetary system? Or a crypto-currency that provides the possibility of anonymous transactions and the ability to skirt around heavy and burdensome taxes, and which also offers security against "haircuts" (a wonderfully Orwellian Newspeak term for "theft"), and that is outperforming every other currency on the market?
The problem here is that long term fundamentals always catch up to short term analysis in markets. Short term analysis relies on market behaviour, however, there are limits to what markets can do as reality steps in and "corrects" grossly distorted perceptions (i.e. bubbles) with a fury to rival a woman's scorn.
The questions to ask are how long the bubbles can grow before they burst, and do those time-frames fit your purposes?
Other questions to ask are about how fundamentals fit into your plans, and whether you are better off going with short term technical analysis of the markets.
Here, for bitcoin, the skepticism over it (calling it a bubble) is addressing how fundamentally it has no value. However, in some ways this is a bit of a double standard to apply these criteria to BTC but not fiat currencies, e.g. USD, AUD, CAN, GBP, EUR, KRW, etc.
So, if we apply the same standards to currencies that are issued with the stroke of a pen (or typing on a keyboard) to conjure funds out of thin air, well, what can we say about them? They have no backing. And no, a "future promise" isn't a backing. That's called debt, and it's not a backing.
We have a very bizarre system in place. Is it better to have all instruments of trade tightly controlled, taxed, and continually devalued, or to have free and open instruments of trade with no central authority?
BTC is no more of a sham than the USD, but there are many cases to show that it is less of a sham.
We'll see what happens. I've got my bets in place. I'd place more if I could.