If the price went down 10% year after year forever I guarantee people would shut up about it even though none of the underlying reasons for supporting it should have changed.
Many real life folks I know buy little chunks of Bitcoin on a consistent base regardless of the price as a form of savings.
This is what it looks to me: "the problem with gravity is that since the objects fall down people rationalize everything (e.g. give explanations why they should fall down). If the objects went up year after year forever I guarantee people would shout up about it even though none of the underlying reasons for supporting it should have changed"
The point is pretty obvious - the usefulness and popularity of crypto shouldn’t be related to its value in relation to fiat, yet here we are.
> the usefulness and popularity of crypto shouldn’t be related to its value in relation to fiat
Are you sure that the usefulness and popularity of crypto are related to its value beyond some reasonable correlation?
If your problem is the government might go crazy, the solution is to be part of society and stop that happening, not run away and hide in your cave