How do you see the correction playing out along the red curve?
filbfilb
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@WillRoper, based on the least 3 hype cycles bitcoin has experienced it should do something similar to the red line. However the last few times the eco system was alot less mature than it is now. It will have to be some kind of fundimental denial of service or fraud to bring it down 80%. By denial of service that could mean fiat gateways being blocked by soverign states, a failure on a hard fork, or a fraud with something like USDT. Without any of those things i think we will just consolodate for a while and then advance upwards to £20k in a couple of years.
WillRoper
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@filbfilb, all three of those DoS possibilities seem more likely than not! :-/