Good writeup. Question from a mining perspective
Assuming difficulty will go down with the price tanking. Is this a good time to fire the miners up?
How fast does it take for lower difficulty to be reflected?
https://btc.com/stats/difftake a look at the november 2018 drop to get an idea.
despite the coronavirus fear and production delays, difficulty still rose 6.88% last period and based on current block times is slated to rise 5.69% on the next adjustment. with 11 days left, it probably depends on whether we see a swift recovery in price or not. if price keeps sliding through the $5ks and into the $4ks, things will look somewhat dire based on most investment metrics. then we may see a capitulation in mining investment similar to what we already saw happen to the price.