Personally in many ways I am more encouraged than ever.

PND is currently at 25% of it's PND/BTC high just over 2 months ago and much worse in USD terms.
We have what might to some look like insurmountable sell walls on BTX all the way up.
Daily volume is low and down facing (but quite good considering).
The touchstone BTC Rock is now falling like a rock and bearish sentiment abounds.
Scammer's, hackers, pump 'n dumpers are rampant amongst the crypto community.

So why would I be more encouraged under those seemingly dire circumstances?

This thread should be full of bitter and disappointed bag holders, people screaming at the devs, running around with their hair on fire, pumpers pumping and all the other drama that goes on when a coins price drops so dramatically.  I just don't see that behaviour from this community, it is the epitome of 'Keep Calm and Carry On' in fact it's a bit weird in the nicest possible way.  IRC is fun and unpredictable with young guns and old farts like me all interacting, helping out noobs, tipping, raining, discussing everything under the sun in fact the least talked about subject is the price of PND!

For better or worse I've put my faith in the devs and the PND community's vision not in charts, BTC or the price at any particular point in time, naive? perhaps, a long shot? probably, worth the long term risk? definitely.