When the bottom drops out, there will be people who kill themselves, or have seriously damaged their financial lives. If people speaking as a voice of reason can convince at least some of those people to reconsider, or to at least not invest more than they can lose, I view that as a service.

I do wonder if a catastrophic hit to bitcoin might shake consumer confidence in other parts of the tech or finance industry.

Bitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease.

>Bitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease.

...with 10x lower market cap. This is getting out of hand, which is the problem. Complete know-nothings are getting into it now. There are ads on Reddit asking people to invest their IRA in Bitcoin. It's like the whole world has lost its' mind.

It could reduce confidence of retail investors, according to Deutsche Bank.

https://www.bloomberg.com/news/articles/2017-12-07/deutsche-...

#13 on the list.