Very good post. I have been telling people for quite some time that the "Bitcoin Bubble" is a myth. The fact alone that people are referring to the purported bubble by the name of a single crypto-currency is indicative to the collective ignorance about the market as a whole, and renders their argument moot for various reasons.

I had not heard the phrase you mentioned in the title of your article before, but I like it. I'll have to borrow it in the future.