At least this is flushing out the stupid altcoins. Bye bye alts, come back to Bitcoin.
Why would anyone come back to Bitcoin...? So we can wake up tomorrow to $50 fees because one group of miners can manipulate the fee market that much. I'm sure the trash alt markets (which are most) will be flushed, but the "real" alt markets are still strong and will continue to grow stronger during this shit show.
Bitcoin needs to scale to at least make it more costly and more risky for those who want to spam pool for profit.
I'm getting all types of calls "Why is Bitcoin going down?"... I just remind them that $50 fees are NOT the future and this is the markets slow reaction to the shit we dealt with in December 2017.