I don't believe movements from retail investors will drive the price lower. At most, they will keep the price sideways.
Small investors dont have enough money to move the market, even collectively.

I have to remind you that 1% of bitcoin users controls 99% of bitcoin's supply, both inside and outside the exchanges. And we dont know who these users are, if they are compromised with the fiat system and, in case it is so, to what extent. I can say the "hodlers cult" is somewhat involved with derivatives speculation, since they defended it fiercely when I attacked it.

I have enough fiat for some years. I'm worried, though, with the rise of the medical totalitarian global state. This will cause a melting of the fiat currencies, maybe in a unprecedented level in history. Some global centralized cryptocurrency might be launched to replace all fiat currencies, and also dethrone bitcoin from the first position in the market.

The altcoins, though, might be used as a hedge against both bitcoin and fiat currencies meltdowns, thus keeping their positions in the market. It is a theory I have been considering recently, and that is why I'm looking to place some positions in ethereum, monero and others.

Your argument doesn't make a valid debate to what phillipma1957 was saying. He was talking about Bitcoin's incentive-structure, and how Bitcoin is energy-backed. Why would miners sell below its real price based on costs? That would bankrupt them out of business.

You the actual cryptocurrencies that are trading with paper value? POS coins. Made from thin air, and valued based on promises.

I doubt they are operating at a loss, the fact that there's so many of them and the new ones keep appearing means that this business is quite profitable. I can totally see them making good profits with ads and paid shilling for shitcoins, exchanges and other companies. Majority of people in crypto don't see any problem with them, they trust that the content they get is actually good, because so few people understand even the basics of cryptocurrencies, most come here for trading.

I don't see anything wrong with Proof of Stake, and I'm interested to see how it goes with Ethereum.

But no way in hell will Bitcoin ever go to proof of stake. That would require a massive hard fork and we all know the bitcoin devs are extremely reluctant to do a single hard fork, otherwise we would have gotten a needed block size increase long ago. And if (and hopefully when) sometime in the future a hard fork update does occur, there will be plenty of other updates much more important and needed for Bitcoin than just randomly deciding to switch it from PoW to PoS.

It really doesn't make any sense to want to switch Bitcoin to PoS. PoW works, most of the energy used is cheap green energy, there's already massive economic cost sunk into the PoW system, it's already the most secure network in history. It makes sense for there to be one ultra secure PoW system running on the planet, and that of course is Bitcoin.