We hear the bitcoin noise louder then normal people. We aren't even close to a bubble. The Dot Com bubble was 3 Trillion Dollars. We are not close. No one knows what alts coins are, no one even knows that bitcoin is a cryptocurrency or what a cryptocurrency is. They know bitcoin as some weird internet money people buy drugs and prostitutes with. At least this is true in the United States where I am at. It may be different in other parts of the world
Doesn't mean it can't be a bubble though. If there are only 10 buyers for something...and 9 out of the 10 are already "happy" with their purschase...do you "honestly" think the one guy left to buy can drive price exponentially higher? Well, yes...if he is interested in selling to himself I guess. From a funnymental standpoint...bitcoin has years of work to do before it gains universal acceptance. The guy who thinks it's internet money...why not just explain the "truth" to him. >>> Oh yeah, bitcoin is awesome! Not only do you have to jump through hoops with your local bank to transfer funds into one of the exchanges in order to buy bitcoin. But then after you buy and it shoots up $500 per coin at 4AM in the morning and you want to take your profit...you have to be willing to pay a data miner in China an extra $200 above the actual price in order to make sure that your sell order is one of the 7 of 20000 sell orders that actually gets executed. But wait...it gets even better! During fast market waves of selling you have exactly "zero" chance of getting out. Now tell me this doesn't sound like more fun than holding dollars? :-)