I highlighted some part, I see the following:
More than 90% of all of us in the crypto world believed that from the end of the year 2017 the price would increase to levels above $ 40,000, we did not see the sky as the limit... we were going to the Moon and this blind us and began to invest more than we should. I believe that what was going on in the heads of these Bitmain guys was that bitcoin's success was guaranteed. And to be honest, after see $17,000, I thought we would never see $ 3,500 again, it was a big disaster
90%? Says who?
It was just another empty reheat just like 2013. When a one page website and one page white paper is 'worth' tens or hundreds of millions of market cap the end was clearly in sight.
I don't understand why Bitmain dying is scary.
Bitmain shitting itself to death should be wholeheartedly celebrated. They'll eventually be just another footnote in Bitcoin's history and an object lesson in what happens when you attempt to buck its momentum. You're going to get flattened no matter how big and wonderful you think you are.
Let it be a warning to every other asshole who turns up in future believing they know better than, like, everyone.