The continued collapse of cryptocurrency prices is purging bad people from the crypto space. Investors that were trying to get rich quickly, and alter the entire crypto space to suit their needs, are seeing their investments burned in nuclear hellfire and fleeing with their tale between their legs. Scammers masquerading as businessmen can no longer trick people that their crypto schemes are a good investment, because practically no one wants to invest in crypto startups anymore.
It will only get better and better as the price of Bitcoin drops closer and closer to zero. The closer we get to zero, the more pure the crypto space will become. We will be left with the true diehard Bitcoiners who love Bitcoin for what it really is: decentralized peer to peer electronic money. Then we can regroup and fulfill Bitcoin’s true mission: to become the primary global currency.
I agree that the dump was meant to happen and it helps to get rid of people who don't believe in bitcoin. I don't mind bitcoin being worth a lot less than it is right now. However, I just think it would be fair if it repeated its ath or went close enough ($15k, maybe), so that people who decided not to sell their btc almost a year ago will be able to return what they used to have. I really need bitcoin to get back there, it could help me financially with education. And then, if btc stabilizes at any value more or less and we really get to pay with it in stores and stuff like that - sure, I will not live bitcoin behind.
