Hopefully at some point relatively soon we'll have scraped the bottom price wise. For exchanges and so on that's good news as a moving price makes money even if it's on its way down.

What's likely to happen afterwards will be month after month of nothingness. Most people will be gone. Price will have a barely detectable pulse. Many fewer will want to spend or trade. Anybody whose income comes from fees will find they ain't getting any.

Which services do you think will weather this and which will croak?

Why not a paper wallet? It's free, totally secure as long as it's created properly, easily stored, no software updates and a right pain up the arse to spend from. Keep sending to it and the balance will pile up nicely until the day comes to crack it open.

Volatility is the prime reason most people are here. Obviously many prefer volatility upwards. If there was none most would be gone. Hardly anyone is using it as a currency.

I'd say the biggest problem Bitcoin has is balancing decentralisation with functionality. In many cases the more functionality people demand, scaling and low fees, the greater the threat there is to maintaining decentralisation.

I no longer give a shit about the bottom. The actual price is kind of academic now.

While $333,000 is very silly it's certainly not impossible. By then more coins will be in fewer hands and there'll be more demand some day. Only this week we saw Grayscale being reported as having 203,000 coins. If we have totally basic maths it would require about 17x more people throwing the same amount of money in as the previous bubble. There's enough space for many more than that to arrive eventually.

I very definitely don't expect anything like that figure. I discount nothing in terms of possibilities.

As for crypto faces enticing noobs, if they choose to skewer their financial future on the basis of some asshole on Youtube, sod 'em.

Do you not realise the lengths Yidisher will go to these days to disguise themselves?

If you take Arthur Hayes, take some letters away and add some new ones you wind up with - Chaim Wildenstein.

FACT.

And I've never seen him out in the rain or near strong streams of water.

Could you put just that little bit more effort in?

Maybe throw all your cold storage at it too.

Thanks so much.

Cool. You can buy everyone in this thread an(other) MSI to cheer them up.

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

I don't think the people in this thread are any type of representation of the wider world. Even at $999 plenty here will still be in the black whereas your average Reddit mong will feel ruined. We'll be grumpy. He'll be thrashing in a pool of taupe shitwater.

ETH only really kicked into gear when the ETF was denied in early 2017. At that point it was hovering around the single figure mark.

Since then it's managed to burn untold amounts of money and people and left very little of substance behind. Maybe single figures are beckoning again. The stuff that does make proper use of it like the stablecoins that have been launched on top of it are price agnostic.

Yes, but last December was insane going up. It could be insane going down too. Hardly anyone believed 20 grand was possible until it was.

But just as it was at the $19,990 level for a tiny amount of time, it would be the same tiny amount of time for the ultimate low. They're both bubble pops, just in different directions.

That's what plenty of people are waiting for. That's how you know it's the real deal.

Loads of people know about BTC. Fewer and fewer care about it right now.

I'm particularly not expecting it. I would not be surprised by it.

ETH's current price would've been beyond inconceivable, to its fans, just a few months back. There's still more to go there.

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.

I have two myself. A gs65 for when I'm out and about and a 4k gs73 for lounging around my boudoir. I've set the keyboards to pulse when my colostomy bag is full. It's a lifesaver.

I don't trade. I just float like a lonely turd at sunset.

Thanks to my enormous mind I've theorised that it'll be the final hammer blow that marks the end of bearishness and turns the corner into utter drudgery.

But I don't have a bleedin' clue. It's possible that everyone's so battered no one'll care by that point.

100% rejected. It won't happen for years. When it does the market won't bear the slightest resemblance to this one and it'll need not to to happen.

The gold ETF took something like seven years to happen and that's only one of the oldest markets in history.

That's what they said when $1000 was approaching again in 2016. You may have noticed it carried on a little further upward.

The Gox creditors will be far less predictable. If old schoolers are still here then most will know what's what. They can get rid of their SV in the meantime though.

It's a bit like watching your previously kindly grandfather bleach what's left of his hair blond, dump his wife, get a Brazilian and take up a new career as a camgirl on Chaturbate. Bewildering and a little melancholic as you stand back and watch it play out. 

I reckon they're going to let them feel some euphoria and then unleash their titanic ring piece on it.

What price pride?

Higher, most likely.

Depends whether it slides into survival. My willy is telling me that they haven't made their move yet.