Plenty.  *shrug*  So what.  Every crash drives away some people who were in earlier.  The ones who wind up posting wildly distorted sob stories titled “crypto ruined my life!!!!” on social media.  The next wave of bitter ex-coiner nocoiners.

Reasonable Bitcoiners won’t flip out like that—although the adjustment may be difficult, given the factors I have previously mentioned.

And most people have not yet touched Bitcoin.  For them, there is no “again”.  Why would or wouldn’t they touch Bitcoin in the future?

By analogy, it is a truism (and true) that women are generally attracted to strength—repulsed by weakness.  The strong man knows his strength.  I speak not of swaggering empty conceits, but rather of self-confidence.  Self-confidence is contagious—as are depressiveness, indecision, and panic.  ...Well, so as for women—so as for everybody.  The strong man who attracts women is also a leader of men; everybody responds to strength.

In my sojourns in altcoinland, I have oftentimes observed that altcoiners are either impressed by Bitcoin, or jealous of Bitcoin.  Bitcoin, as in “Bitcoin dominance”.  Hmmm.

somac., your sharp instincts and some of your gut predictions saved me from a fourth liquidation, and were one of the decisive factors for me to get out of debt now, at all costs.  I thank you for that.  I would be wrecked beyond wreckage by now, if I had not been paying extra attention to your posts.

Your personal text is so awesome.  An inspiration.

Now, I need to ask you:  Do you believe in your heart of hearts that you hodl something desirable?

If yes... who cares about all the people who gave in 2015, “Bitcoin is dead.”  Or now, maybe worse—eh.  I just want to think about how to get out ahead of whatever plans there perhaps may be to crack Bitcoin economically—perhaps as practical support for a new narrative equalizing it with POS shitcoins, then deprecating it.  Refocus on what makes Bitcoin better.  Think of a brighter future.

Meanwhile, if it bottoms at $17k or $15k or $OH DEAR HEAVENS I CAN’T BELIEVE IT, I’ll just be laughing and munching popcorn.  As I did in previous crashes—I got my diamond hands back, now that I have exorcised the mind-destroying, asset-destroying, soul-sickening influence of that damn margin account.  So, this crash is worse.  Whatever.  1 BTC = 1 BTC.

(Further reply to you intended, but I am exhausted as hell after what I did earlier...  The last time that margin account will ever drain my personal energy together with my money.  I may come off as unintentionally brusque; please do not misinterpret this post as being flip towards you.)

---

But we are.

By analogy, on a personal level, I am in utter disbelief that I lost most of my bitcoins.  When I look at my wallet, I know that I “just shouldn’t be here”.  It should never have happened.  But it is the reality.  Living in shock, numbness, and denial after I was liquidated down to 0.5 BTC was really what got me crushed down to 0.05 BTC.  By failing to acknowledge the reality and react constructively, by default I took the path from bad to worse.

So, anyway, here we are.  Where to go from here?

I might be painting the kettle black here.
After all, back in the day, I pranced around on a stage in retarded looking trendy eighties fashion wear, chain dangle earing, eye liner make up,
and a jar of Dippity Do gel encrusted in my hair. (back when I had more hair on my dome than my ring piece).
Yeah... back then in my naïve youthfulness, I was fruitlessly looking for validation too...

https://www.youtube.com/watch?v=x1U1Ue_5kq8

I wonder how many people will never touch BTC again after this. Is this going to be one of those things like the great depression where it is ingrained in the population living it at the time. How many people who sold out from the 2017 crash ended up buying again for this cycle? Would be interesting to know.

If their are whales doing this selling in an effort to accrue more coins or something stupid, there is a good chance that they may kill sentiment for a very long time. Even if the Fed goes bananas with the printing press again.

Mt Gox. Almost sounds like "Fort Knox". Except it stands for Magic The Gathering Online eXchange.

Thanks it has worked for me.

I think it also helps to look at history. Historically alternatives to the official government approved money have done poorly in times of severe economic distress as debts are denominated in government money and they must be serviced. Silver for example declined by over 60% in the great depression.
 
https://seekingalpha.com/article/4352389-silver-prices-during-great-depression

Silver bounced back rapidly after it crashed climbed until the mid 30s when the president made illegal to own silver bullion and via executive command with executive Order 6814.
https://en.wikipedia.org/wiki/Executive_Order_6814

History rhymes so I expect bitcoin to do very poorly at least initially in a depression which we may be entering into very soon. Bitcoin is also volatile by nature as it is new and its declines will be compounded buy greed and leverage and the many scams in the altcoin space that will fall apart in a prolonged decline.

Longer term I would not be at all surprised if many years down the road when fiat truly fails and some centralized gov coin version 2 or 3 is rolled out as a reset there will be some similar executive order outlawing private possession of BTC so it can be transferred to the government to be exchanged for gov coins.

If I needed fiat in the next year I would sell BTC now even though it is a terrible price. However, long term I think BTC has a very promising if rocky road ahead. I don't need fiat and hope to buy more BTC so bring on the clearance prices.