based on both technical indicators and fundamental valuation, this is (to me) unmistakably a bubble. When a bad dividend week comes in, we'll see who is right.

I've done some statistics with the rate of difficulty increase and the anticipated hashrate increase. They're overvalued.

(I DON'T think they're gonna fail, but I think the odds of being below 1.7BTC before September are worth up to a 0.1BTC premium.)