[benashford]

That isn't what they were saying at the time. Even level-headed forums like Hacker News had a lot of comments (gathering positive votes, although I suspect not all were organic) trying to describe with a wide-array of pseudo-science why Bitcoin was the king of a new world of inherently superior currencies.

Of course it was nonsense, as anyone who'd read about previous bubbles could tell you. But it was a mad time last December.

[tim333]

I know people who still think there is value there and it will go back up.

[berberous]

Yes, I am one of them. This is what, the fourth Bitcoin bubble that has burst? The December bubble bursting is no surprise for most level-headed folks that have been following this for a while -- just for the newbies making extremely risk bets at the top of the latest bubble.

Also, most of us are not deluded enough to think it going up to $100k+/BTC is a certainty; there are a number of reasons the larger BTC experiment/bubble could deflate for good one day. But there's also rational arguments for betting otherwise.