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If you look at this data over the max range (http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv) then it looks a lot like the Gartner Hype cycle (http://bit.ly/N1XCnb). I wonder if Bitcoin is past the trough of disillusionment and ready for a serious explosion?



I'm a strong supporter of bitcoin, and I have a bunch of it, so don't get me wrong. But I suspect we may well be seeing a second big bubble here. Only time will tell.


This isn't necessarily a bubble, but market reaction to the block reward halving later this year. The decreased inflation will double the value of bitcoins, and this trend was anticipated well in advance.


This is exactly what Wired magazine pointed out last year: http://www.wired.com/magazine/2011/11/mf_bitcoin/all/ And this was before the big rally that occurred around New Years.


Did you shorten a link to a Google Images search result? Here's the actual page with the image in it: http://www.gartner.com/it/page.jsp?id=1447613


Why use a url shortner and/or why not link directly to the article or image?




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