> As far as I can see, there's no particular reason to expect the slide to end here.

The real bottom is underpinned by the "True Blue Bitcoin Believers", who will most likely die than sell their bitcoin shares.

In a few years we'll realize the true value of Bitcoin wasn't the blockchain, but it's existence as a curiosity of sorts, where people were buying and selling purely imaginary things -- numbers -- which had no real value in the real world.