Quote:
Originally Posted by Webmaster Advertising
The bubble will burst in about 6-9 months when media coverage of BitCoin has moved onto something else and everyone forgets about the daily barrage of news articles telling them how wonderful BitCoins are.
Without buyers, they have absolutely ZERO value...
Right now all the new folks buying are driving the prices up, once everyone has spent all their spare cash and start holding onto them long-term, their value will start to free-fall like crazy.
Simple economics.
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if you're thinking btc will climb to $1000 in 9 months, you are not alone.
but i don't even think that describes the potential growth
this is the sort of bubble i am thinking of.
