It doesn't feel to me that we really have 'blood in the streets' yet. Remember what it was like after the rally to 266 when in early July we were trading in the 60's? I don't think there's anywhere near as much despair here now as their was then....
I remember well. I even panic-sold some coins.
I don't feel that panic yet at all, I'm quite calm in fact. So I agree: we're not there yet.
...
+1, despair's still missing (if my guts can be trusted), but personally I don't feel too comfortable after breaking below 500. I wouldn't be surprised if after some further continuous decline we find the bottom in a flash crash down to those
As a hardcore hodler you know the market is in despair when your mental attitude switches from "*hark* *hark* all those cheap coins, come to daddy!" to "oh crap better sell some now this thing could actually go down, better safe than sorry".
edit: typo