bitcoin the new gold?, page-35

What’s more, even if Bitcoin is a bubble, prices could keep rising for years.

As everyone who has ever been involved with asset bubbles can attest, they usually have a few defining characteristics:

• They usually have some basis in logic or theory (as Bitcoin does)
• They can last much longer and inflate much more than most people think (the current Bitcoin price rise might be only the beginning)
• They can make early adherents absolute fortunes
• They can go through many “mini-bubbles” on their way to becoming a massive bubble — with each new high exceeding the old high and each new low higher than the old low
• They can burst relatively suddenly, without any particular warning, and their collapse can wipe out almost all of the many years of gains.

http://www.businessinsider.com.au/bitcoin-bubble-2013-11