Quote Originally Posted by Steve-O View Post
It's a major bubble. Put it this way, even the most ardent bitcoin proponents are shocked at their current value, so when the people who advocate them find them overpriced (they may not say it but they know it internally) it's going to come crashing down.

And as someone else stated earlier, the worth of a currency is largely based on its stability, right now bitcoins are trading like stocks, not currency
It's turned into a pyramid/ponzi scheme.

People are making fortunes right now. Some computer nerds who were into bitcoins and hoarded them Micon-style will be millionaires.

And some millionaires who jump in at the right time are going to go donkdown.