Today, let's talk about a few famous crashes I've experienced before: 2020.312, 2021.519, the 2022 Luna incident, the FTX incident, and it seems there hasn't been any major crash in 2023 to remember. 2024.85 (I entered the space in 2018, so I didn't experience 2017.94). Feel free to add more.
Today is different from the above events. It's merely a small interlude in the main upward trend of the bull market. Unless the trend disappears in Q1 next year. However, the probability of economic issues or other black swan events is very low. Then, the transition of power in the U.S., the new SEC chairman, etc., are all bullish sentiments, meaning this is just a normal correction in a bull market. Don't panic.
312 was due to the U.S. economic recession and the pandemic. 519 was related to policy issues in East Asia, plus I remember Musk causing a stir with violent liquidation. No need to mention the Luna incident and the FTX incident; everyone understands.
This year's 85 is due to expectations of trading recession combined with Japan's interest rate hike, and arbitrage trading may cause a liquidity crisis panic.
So, currently, even if there is a U.S. economic recession, it's still early. So, stay steady, we can win. Of course, the new trend FOMO sentiment may not be so FOMO this month; it might be next month.
So, let's look forward to it.