Assuming Bitcoin crashes to $12k which i think it will, what is the path forward? It seems that anyone deemed a bitcoiner would be deemed a joke and with no credibility.
My feelings say the bottom is $26k.
Bitcoiners will be deemed a joke for another 10-20 years or so if it's anything like computers/internet/programmers. Computers were just beginning to become a "thing" in 1980 and it took until 2010-2015 for programmers to elude stereotypes and achieve "high" status.
In college, I remember saying that I couldn't wait for engineers/programmers to achieve the same status as doctors/lawyers. It seems like they roughly have - although I think doctors should and do have higher status for non-financial reasons.
Bitcoiners will at least have to wait half as long as early pc/internet hackers. In the meantime, I love jokes and don't mind being one.
reply
Hackers became high status in 2010.
Stackers will become high status in 2030..
reply
Is this bottom from the power law model?
reply