The price hasn't gone up for 16 months, the only way it goes is down down lower
Then what the hell are you waiting for? Get a massive loan in bitcoins, sell them, wait for the price to go further down, buy back and repay the loan and enjoy the profit.
That's why the price drops so hard, most bag holders are dumping, is this too difficult for you to understand?
Reading comprehension issues?
Are you? op is clearly telling you that most of bag holders are dumping, understand? no one is waiting for another bubble, most are dumping. loan or not, future swaps or exchanges are all dumping.
That's how you get here at $200 and then $100 and then $30 and then $1 etc..
i know you are trolling but...a dump can't kill bitcoin, is just another price change, like many others, the fact that we dropped from 1200 to 200, does not mean that it will keep falling until $1 like you said, 1200 price was willy bot fault, so at worse it might drop at around 100, that was the price before the fake pump started
Generally speaking the hash rate will drop very hard because of negative ROI of mining (let's say $60?), at that point the bitcoin blockchain network might stop processing any transaction.
Then no one can send or receive any bitcoins anymore.
That makes no sense to me at all. I was here when BTC was worth pennies and it worked fine. If mining becomes unprofitable then miners shut down some of their mines. This is how actual mining works also. It is also how this system was designed. You may want to read "the white paper" by Satoshi Nakamoto. It may clear up some of your confusion about how bitcoin works.
the only difference i could see with the past, is a risk of 51% attack that can become more prominent, because now there are big farm that can control easily the network if the diff fall too much