Even if you have the most cynical opinion of cryptocurrency, you must admit it's alive and well. It is as long as there are enough people who believe that it is - and your honest answer to the above would reveal that you know that to still be very true.
Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?
If it hits x sell. So if I was given a coin currently "worth" $15,000 for $5. I could set a stop loss of $6 and always make a profit since my initial investment was $5. Asleep, awake, doesn't matter.
I just don't understand all of the "BTC will never fall below <some level not far from the current price>" thinking.
Past performance is no guarantee of future results, but maybe that, the improbable 12000%, is the thinking that you're trying to understand?
Interrst rate hikes kill zombie companies. Scams put dumb people under the lash of their betters.
Continuing this line of thought, isn't the next level of "betters" the people who would readily employ violence to get retribution on those who scammed them? Or even those who would just employ violence to take what they want in general?
I can understand the law of the jungle as-it-currently-is point that boils down to "lol normie rubes fell for advertising", but extrapolating that out into an overarching moral judgement makes no sense unless you're also repudiating the specialization of labor that has led to most of our current prosperity.