Quote from: LeGaulois on May 28, 2018, 09:13:13 PM

2018 people think that if Bitcoin price is not $20,000 then Bitcoin is crashing and. They think $20,000 is the standard, not not say the minimum it should be.

Recent joiners are quite a bunch of parasites. In no shape or form do they understand how this market works, and that the price 99% of the time is far ahead of Bitcoin's utility value. Corrections are nothing more than the price adjusting to levels closer to that utility value, and there is nothing wrong with that. At the time the price reached near $20,000 levels, the market was ~70% overvalued, and we nicely closed that gap this year.

If people really think $20,000 was a well justified price with exchanges almost choking to death, and the fees reaching all time highs, they are nothing more than fools. The insane usage peak was good for one thing though, and that was exposing how weak the crypto ecosystem really is. I doubt it has changed much right now. I hope that the next major bull run will stay away for a good number of months, all to allow this ecosystem to recover and make sure they don't suffer as badly as they did last year.