http://www.smithsonianmag.com/history/there-never-was-real-t...
> BTC is pure insanity that will soon end badly for most "speculators"
> Its happening with BTC now
Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong
Frantic speculation in a narrow space with the market eventually crashing when speculative buyers are no longer willing to bid up?
To me bitcoin lost its appeal after transaction fees became high. The value is ok, since you can still use fractions of it, but current transaction fees and time to wait for confirmation makes it unsuitable for daily use. So in my mind bitcoin already failed what it supposed to provide.
You're overstating your case. They just haven't been proven right.
In such a young, poorly understood, and speculative, environment it seems reasonable to suspect a bubble. 5 years doesn't prove or disprove anything.