[notheguyouthink]

> Do their valuations make sense? No.

I think their valuations will make sense, but no, not right now. I think this whole pile is breaking ground on new tech, tech that will redefine some of the things in our lives. Will Bitcoin / ETH be what holds on? No idea.

[vec]

Sure, some cryptocurrencies (which may or may not include Bitcoin) will probably have some long-term stable valuation (which may or may not be above their current market value). That doesn't imply that what we're seeing now isn't a bubble, and it's not going to provide much comfort to someone who loses their savings investing in a "sure thing".