This entire industry is in a period of continuous bubbles. Will you be able to perdict the next "all time crazy high" - no, I don't think so. But there will certainly be factors like media attention (discussed in depth in the post below) that will be telling.
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Yep. When my grandparents start talking about buying bitcoin I think it might be time to sell ;)
Doubt my grandparents will ever understand bitcoin. They're still figuring out Skype...