i wasn't around for this but i know some of you were. i was studying the charts earlier and noticed since bitcoin was invented it has had 2 parabolic bull markets. 2013 and 2017
don't give up too soon, bitcoin had at least 3 more bubbles like these two in the past. the 2013 one is the most obvious one that you know without even looking at the charts.
miners will start shutting down due to low profitability around 6k and or difficulty will have to fall....in fact that's already starting. you actually get more coin selling hashing power now than you did at this time last month. many of the dec/jan gpu miners are likely already leaving.
when you start a topic like this first thing you need to do is to do some research first. right now i feel like you are repeating the same FUDs like a parrot. first with the lack of knowledge about previous bubbles but you claim you have "Studied the charts" now this.
you claim miners are already leaving (by the way there is no GPU miner, it is ASIC) if you take a look at the hashrate you can clearly see that it has been
rising meaning more miners are coming in and right now it is at its
highest hashrate of all time or ATHhttps://bitinfocharts.com/comparison/bitcoin-hashrate.htmlif history repeats 2018 will not rally, it will simply be a consolidation year.
although i had a different opinion about this, but i am starting to change my mind.
difficulty may even fall on many alt coins.
altcoins will continued to get dumped because they were pumped extremely thanks to all the last year bitcoin rallies.
but there will be other coins and more importantly newer coins which will come and get bigger pumps. so "difficulty" won't be on all of them.
80-90% of altcoins would die.
altcoins rarely die. they will endure. of course you can define "death" as going down to less than 1 satoshi but they will still exist and be traded and be pumped an dumped even if they are worth 0.01 satoshi (1 e-10 bitcoin)
my personal feeling is this may be a range bound year. we probably have an absolute floor at 5k and might go there if a hard attempt is made at the last 6k support.
i wouldn't jump to make any bottom speculations because the drop is not normal and when it is not normal you can't predict what will happen.