0/ I have had some time to process this cryptomarket dump and I am not suprised that we saw the reaction that we did. This reflects extreme fear in *all* markets, and it is hard to have a bullish outlook on anything but fundamentals. We must return to the basic value proposition.
1/ The same guys who speculate in traditional markets also speculate on #bitcoin, so when mass panic sets in, everything "unnecessary" is sold in order to cover the tidal wave of margin calls, and they still get liquidated anyways.
2/ as much as the shills would like you to be long on #bitcoin, mining $BTC is on the verge of becoming an un-economic activity. In other words, mining cannot be profitable under 6k in a post halving world. We know that #bitcoin cannot scale economically. Period.