[slyfocks]

I’m fairly certain it’s a bubble but it’d be foolish to short. Altcoins are in a bubble as well—Potcoin being valued at $64mil is just one of many examples of coins with zero or close to zero utility valued at absurd levels merely due to their visibility as a cryptocurrency (much like dot coms in 1999).

Ultimately, the mania present in a bubble can persist longer than one can stay liquid, i.e. Bitcoin could double or triple before the bubble bursts, which would trigger a margin call on a short position.