I'll start buying at 4k, but we may not reach it as even defeatism grows boring... why would the hodlers leave now ? For disorientation ?
Sure, Bitcoin's legend is damaged now but it may recover, and several alts held up MUCH better than others, that's a sign of strength as much as the institutional threats are a sign of insecurity.
I think they're not even entirely against it, they need more time... to create their own and anyways, as Christianity did with Galileo.
Did you watch Ivan's Richard Heart interview yesterday ?
Very enlightening.
A Bitcoin guru says, "I'm out - I tried everything, I lost a lot of money - we're done!"
A minute later, he offers an ICO of his own...