This Time, It's Different — The Market Will Not Collapse, and Bitcoin Will Not Go to Zero
It’s easy to feel like the market is on the brink of collapse on days like these, but such fears are often overstated. While today's market conditions may seem dire, they are not unprecedented, and Bitcoin and other cryptocurrencies will still be here tomorrow.
Historical Bitcoin charts reveal numerous instances of severe declines, and it's likely you can't recall the reasons for most of these dips. For example, during the last bull run, Bitcoin experienced a dramatic drop of over 50% within just seven days. Can anyone remember the cause? Probably not. Yet, just six months later, Bitcoin achieved a new all-time high, and many altcoins followed suit.
This doesn't mean the market can't decline further—it certainly can. However, the market will eventually hit a bottom and recover, whether in a few months or weeks. The timing is unpredictable.
For those holding non-leveraged investments, the best course of action may be to step away from the charts, enjoy the summer, and return in a few weeks or months. If you have some fiat available, consider dollar-cost averaging (DCA) gradually once the worst is over.
