capitulation stage.
What the fuck are you talking about?I'm talking about the slow, gradual decline of Bitcoin, where weak hands will be shaken out, one after the other.
Talking about a slow period is different than saying it will never go higher again. What's the purpose of Bitcoin at current levels of use (hint: none in the long run). It is either death or victory. I put my chances on victory. Still the best asymmetric bet out there.
Purpose?
This is how a free market operates. Supply and demand. Sellers and buyers agree on a price they find reasonable at the time.
It's not either "death or victory". Bitcoin will almost seem stable, just gently continuing its downward path, with small ups and downs now and then.