-snip-
<snip2>
i think that all hodlers got rekt in a sense (if you had most before 2022) by losing 70% of the nominal value (measured in less ability to pay for typical things), although it is different in comparison to the situation when your coins were stolen either by a hack or by some unscrupulous, possibly criminal, and definitely negligible entity such as FTX, Blockfi, Celsius, etc, etc.
As far as breakeven for mining, people can tolerate negative return for a short time (I assume maybe half a year or a bit less).
My partner got reckt via FTX and Celsius his losses were over six figures .
I did not have any of my coin on them.
At this time I have under 1k on 2 exchanges.
I simply use exchanges to draw cash do a dca and split mining profits among the 4 of us.