I said before that it's an enormous, resilient,e expensive bubble, but I myself am starting to doubt it. It seems more than a bubble because bitcoin serves a purpose. The number of transactions/volume will never go down to zero because not everyone who keeps bitcoins is an investor. There are those who just use it for sending money. In that case, for as long as you exchange your bitcoin to fiat as soon as you receive it, you minimize the potential loss. - This means there will still be volume in the market although investors might quit big-time.
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