Do you people even read the graph? In the background it says the first sell-off is at institutional investors... Sounds about where we're at. And then the crash back to the mean is after the "public" background wording. LOL if you think bitcoin is known by the public.
Except we did get institutional investors and the public does know. Where do you think the demand flooded in from? Early adopters? "Public" isn't qualified in that graph. So even a 1% exposure could lead to the bubble playing out.
We hardly tapped into institutional investors, and through that alone we can assume we're not at the public stage.
Also, the crash happens after the public phase. Are you trying to say that this is the most the public will ever know about bitcoin? If i went out and asked 100 people about bitcoin, i'd be shocked if more than 1 knew anything about them. I've also spoken with credible economists who have never even heard of it.
No that's not correct, a bubble doesn't mean the end of bitcoin it means the end of this crazy run up. The public will learn about it more in the future but it is pretty public now and has been in most major respectable newspapers. I'd have thought theres more non professional investors in bitcoin atm than professional investors based on what I have seen around the forums.
If this were the case, then why does the "public" section end before the crash? I think we can agree that the general public is far from informed on bitcoin, and the strong presence of "non-professionals" on here is because all "internet nerds" are a tiny niche that know about bitcoin and are more likely to post on forums and so you get an unrealistic representation of the whole population on here.
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