Is it? Would you call institutions "idiots"? Many of them are purchasing at this price. This is why we are sustaining these price levels.

Let's frame it in another way. When Bitcoin will be trading at $100k+ I'm sure you wouldn't call people who bought at $30k like that. The downside risk is still the same percent-wise. We're just dealing with bigger numbers. One can buy fractions of a Bitcoin and still be buying only $100 or $500 worth of Bitcoins. I hope you understand my perspective.