Found this article gem from 2011. People thought the Bitcoin bubble burst after dropping from $33 to $2.
https://www.theguardian.com/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency
A lot of people seemed to be depressed by this recent bear market/correction. But when in doubt, zoom out. Remember we've had far worse dips and crashes, and all the FUDsters said the same thing that the bubble had burst.
If you bought in at 20k, no doubt you are hurting right now. But zoom out and look at the long-term picture. If you had bought at $33 in 2011 you would probably be frustrated as hell after it dropped to $2. But today, would anyone complain if they could buy a Bitcoin for $33? Think about where we will be 5, 10 years later.
Happy HODLing!
Past performance is not an indication of future returns, please read the offer document carefully before investing - says every mutual fund offer document.
While the uptrend may not have ended yet, 33 to 2 to 20k does not imply 8k to 1 million. However, i agree with your advice. Keep calm and HODL.
Sure, no one can predict the future and nothing is guaranteed. I'm not saying this will for sure happen. Just my opinion that there's no reason it wouldn't.