Here is where the “bubble” is, not with Steem but with Bitcoin. There’s just nothing to justify Bitcoin being valued as highly as it is, it’s a clear bubble, one that is raising in valuation based on value given to it by others, not actual value being derived by the company itself. As long as people keep investing, it stays in the news, and while the majority of people still don’t really understand what it is and want a piece of it because it appears to continue to increase in value, the price will continue to raise. Bitcoin dips slightly at the end of each quarter FYI for anyone that was freaking out about the recent dip it experienced.

My main point is, the value of Bitcoin is derived from the people investing in it, once the value stops going up and people start selling, everyone is going to panic and start selling off which will sink the value, it’s only a matter of time.

Unlike the housing market, there is an actual product of value here, i.e. it’s a not a bunch of junk (uncollectable) debt that has $0 value, so when the bubble bursts it most likely won’t become valueless, however there is a severe market correction coming and shorting Bitcoin is for sure the correct long term smart money play in my opinion.

Big fan of Steem though, keep up the good work.