There was a moonshot and drop back in 2014. That one came with an 86% correction. Price started at around $1,150 and fell to $162.
An 85% correction in the current market cycle would put the bottom at about $2,750. The next cycle for a moonshot is going to take longer to develop than the last one, but it is still going to get out of hand and turn into a "mania." The fact that we are all involved in this right now, simply gives us a better view of when the next mania happens: we will all be ready to ride out this current storm and take huge profits at the next run upwards. And, it might take a couple of years for that to happen. But, when we see BTC hitting $50,000+ then we will know what time it is. Time to take some profits.
Completely agree with you...