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/diffIf Bitcoin's mining difficulty would ever go down it won't be because of Bitcoin's price crashing but because of the mining farms being forced to shutdown which already have taken place in a lot of Chinese Bitcoin miners because of their situation with the COVID 19 but looking at both the difficulty and hashrate Bitcoin has currently you will see that it's not yet falling but maybe if miners from other countries will be affected and their operations will also shutdown I think this will be the start where both will fall down gradually.