This time, it's different: the market will crash and Bitcoin will hit zero!
ABSOLUTELY NOT.
Days like this are painful and it feels like the whole world is about to crash. The truth is, such days are not that exceptional, and Bitcoin and cryptocurrencies will still be here tomorrow.
If you look at the Bitcoin chart, you'll find many similar days or periods. And I bet you don't remember the reasons for 90% of the recent drops.
Look at the chart below.
In the middle of the last bull run, Bitcoin dropped over 50% (!!!) in just seven days. Does anyone remember the reason? Exactly, me neither. The truth is that just six months later, Bitcoin hit a new ATH, as did many altcoins.
That doesn't mean the market can't go down. Sure, it can. But at some point, the market will bottom out and go back up. It might take a few months, or it might just be a few weeks, nobody knows!
So, if you have an unleveraged investment bag, the best advice is to close the charts, enjoy the summer, and come back in a couple of weeks/months.
And if you have any FIAT left, it's probably wise to slowly ease into DCA once the worst is over.