Quote from: dyask on May 29, 2019, 04:35:54 AM

Quote from: jonoiv on May 29, 2019, 02:50:09 AM

[edited out]

Now if you were banking on BTC dropping back to $8000 I would think you have some sense. Heck $7000 is possible, just not as likely. We might even see days at $5000 but those prices aren't network killers. Given time the network could support a $2500 price point, but that would be so slow that a short position would have other problems. It is difficult to maintain a short position for many months or years. Well unless you're position is so tiny it doesn't really matter.

Exactly!!!! (bolded above) we should not presume that jonoiv is trading with any kind of significant stash above .5BTC, so even though that is a lot of BTC to him, neither his dumb-ass unrealistic bets nor his trading actions have hardly any significance beyond posting about them and not disclosing the pathetically puny amounts.

Quote from: jojo69 on May 29, 2019, 04:41:47 AM

uhhhh

$2500 would be fine

I mean, sure, it would be a bummer and all, but what the actual fuck with all this alarmism?

No, the network would not grind to a halt, fucks sake, what a load of bollocks.

This is true, too.

Even though $2,500-ish prices have a low likelihood of happening ever again. Probably less than 30% chances. Surely, they are possible, much more than a non-zero, and they would not break bitcoin, but they might have decently large odds of weeding out a lot of shitcoins.

In other words, not the end of the world, even though $2,500-ish would likely delay our bull run a bit.