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 Classic Psychological Stages of A Bubble:

 
 
 
 
 
 
 
You decide…

 
 
 
 
 
 
 
 
 
 
 
Source & Full article here:  http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/