For those who came in recently there must be panic. Long termers know that 30% to 50% crashes are to be expected. The important thing is to study what you buy so that you know the reason why you chose it. The fall will make you question the reasoning, but at least you know what to check.

I would expect bitcoin’s ascent to resume once some whales have hedged their positions in the futures market. That could take a few weeks, but I would resist the urge to trade it.