[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.
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.