You think a slow bleed under 80?
I don't know how depressed the market will be. I don't know if ETH will save itself with a technical hail Mary, or by delaying the fork - or even experience a catastrophic failure (not likely, that). We might just be seeing a healthy retrace in the broad sector, which will reverse on good sector news of some sort, for all I know. Independent Catalonia could adopt Bitcoin as hard money. The next ICO could be so compelling that Soros goes all-in. Predictions are hard, especially ones about the future.
What I do know with empirical certainty is that XMR is selling for half of what I sold it for on the last spike, so it feels plenty cheap to me.
What I do know by force of market logic is that DNM demand will eventually (certainly less than a year, maybe less than 6 months)
force a massive repricing. I want to be holding big bags at that time.
After that... well I am still waiting for the demographic multiple slide to kick in. It is late already. When that happens we should see capital flight demand ramp up, and the biggest Monero bubble of all. The economic world around us will look pretty bad then. Clearly it is not yet time, but it remains inevitable: Unless human immortality arrives to save the boomers, or robots create a new demand source, we are looking at a hard bottom in u.s. equities in 2024-2025, with SPX P/E in the 4-6 range.
Historical comparables to the coming secular bear are: 1965-1982, 17 years; 1915-1921, 6 years. (The 1929-1932 bear was not a generational one, so it is not comparable. It was more like the 2007-2009 crisis, leverage and policy driven. WW2 masked a secular bottom with total war, so that one is inadmissible.) We only have 7-8 years left before the bottom, so it should turn soon-ish, but central banks pumping cocaine into the veins of the economy could push the bull out to 2020, for all I know. It will just make the crash more brutal in the end.
I probably won't live to see the next generational top after that, unless quantum immortality is a thing, or a friendly AGI appears.