Bitcoin Bubbles are normal and PredictedSubmitted by PeacefulAnarchism on Sun, 12/08/2013 - 01:17
So I know a lot of people are worked up by Bitcoin's extraordinary run up and it's steep corrections.
I think it should be noted that this is all part of normal growth and adoption.
Bitcoin is an entirely new and paradigm shifting Technology. It will have it's ups and downs as it battles to become fully adopted. This Technology is disruptive in nature and threatens the status quo so it should be expected that they will not give up with out a fight.
I just want to point to a few references for those skeptics and bubble bursting cheerleaders to look at:
Lead Bitcoin developer predicts 4 to 5 future Bubbles in 2010
Why Bitcoins Growth is normal
Lead Bitcoin developer speaks about how this system bypasses corrupt banks and betters the world.
Have a good day