What does Bloomberg Analysts and the halt of buying BTC with credit cards have to do with the recent crash/collapse? Also, a lot of coins have already been offloaded and up for grabs, if you know how to check the market at least. This is not failure to grasp on basic concepts on my part but you overexaggerating the current situation to spread fear. I agree that it takes time before the market recovers, and crashes occur not overnight for bitcoin but for months or years, but we're down 80% from $19000 already and historically 80-90% drop from a previous ATH is what's happening before it meets its floor, and we're nearing that level now.
It removed the Greater Fools from the Equation that were buying bitcoin on PURE Speculation that it was going to make them rich within a year.
In a normal Bear Market , it is 3 to 5 years, yes 80% was lost in less than 1 year,
so you pretending past history of only a 82% maximum loss will occur is your hopeful thinking.
Adoption according to the news site has decreased not increased, analyst that are paid for their opinion are quoting $1500 as the next real floor.
My point is this, it is a long drop, no need to waste your money and buy higher than you need too.
But if you truly feel it is the bottom , hell feel free and mortgage your house buying high, if you're broke and homeless it will be your own fault.
All you be doing is enforcing the belief in the greater fool theory.
Timeline is simple.
Credit card pump make btc reach insanely high market price of $20000 per coin
Banks blocked the pump
Miners wasted their monetary resources trying to maintain a $6000 price floor for months
*Now many Miners are shutting down and declaring bankruptcy*
All of this means BTC has to recalculate it's true market price based on it's actual usage, which has decreased over time not increased
The Lie that BTC is a store of value has been exposed.
Ignore all of the above at your own discretion.