"A fast rise in price does not constitute a bubble. An artificial
over-valuation that will lead to a sudden downward correction
constitutes a bubble. Choices based on individual human action by
hundreds of thousands of market participants is the cause for bitcoin's
price to fluctuate as the market seeks price discovery. Reasons for
changes in sentiment may include a loss of confidence in Bitcoin, a
large difference between value and price not based on the fundamentals
of the Bitcoin economy, increased press coverage stimulating speculative
demand, fear of uncertainty, and old-fashioned irrational exuberance
and greed."
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