Serious question to all Bitcoiners

This is only for those that are still screaming for another 70%+ crash… I have one simple question for you.

Cycle returns have already shrunk dramatically. Each bull market has delivered meaningfully lower multiples than the last.

Yet many of you still price in classic 70-80% drawdowns.

If the upside is getting smaller while the downside stays brutal… what exactly is your thesis?

Previous cycles gave you massive asymmetric upside in exchange for the pain.

Now we’re looking at considerably lower returns… while still accepting 70%+ pain?
That’s a materially worse risk/reward profile.

So which is it?

A) You’re taking nearly the same risk for far lower returns
B) Diminishing returns eventually plateau or reverse as adoption grows
C) You’re a full bear who believes Bitcoin is dying

Be honest.