>>>I think there is no question this is a bubble. Most of that rise happened in the past few months. Only financial bubbles produce movements like this.
>>
>>13 bucks to 100 bucks in two months. Yeah sure LOOKS like a bubble. It still seems a bit odd though because from what I understand only about 1/4 of the bitcoins are even in circulation.
>>http://arstechnica.com/tech-policy/2012/10/78-percent-of-bitcoin-currency-stashed-under-digital-mattress-study-finds/
>>To me it seems more like manipulation than a bubble.
>
>Every bubble so far was a result of manipulation.

How about the dot-com bubble that burst around 2000? Was that manipulation? I thought it was just the market getting overexcited over something new. It was collective insanity IMO. Companies that had never posted a profit were worth billions on paper.