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#pi has significant room for shorting. If you're worried, just use a small position with low leverage. Try opening a new short position to test the waters.
I dare to open shorts and don't worry about being trapped because it will definitely come down. I'm not as confident going long—just looking at it makes me dizzy. The pyramid scheme crowd combined with GCV has already cashed in the price gains that should have taken three to five years to achieve.