Re: your last paragraph But if everyone thinks that (and most people who think crypto isn't all shit do think that), the bottom will be a lot softer than what

Re: your last paragraph But if everyone thinks that (and most people who think crypto isn't all shit do think that), the bottom will be a lot softer than what you describe (modulo people going to jail, I think this is mostly independent of the value of crypto). It's the efficient market hypothesis all over again.