$100bn wiped out of the market from the time I wrote this comment. The problem is that no one knows what the true downside is. There is no relative value comparable, no P/E, P/S, P/B to analyze, just speculation. While you may believe in the project, there is no guarantee of commercial success. Reiterating Vitalik's comment that the market is hundreds of billion of dollars, but have we truly earned it? Most cryptos are still early start-ups and speculation is what has driven the price. It does not matter if you are a long term investor or a day trader, your resources will always be in fixed supply, meaning, if you have $3k in your bank account to invest and if you invest ratably in the market every time market falls 15% from the time of your investment, you would not have any money after a 45% decline, but guess what, market stabilizes at 70% level from the highs and it takes years to reach back because weak hands have burned themselves badly, and are now out of the market for good. People who have dollar cost averaged must now be kicking themselves, because there is an opportunity cost for each investment decision. Also note that, just because the crypto market has behaved in a certain way in the past (bounced back), there is no guarantee that it will behave the same again. Past performance is not indicative of future results. Be cautious my friend and invest wisely. There is lot of FUD out there, let the market find its support. Again, it is never a good idea to catch a falling knife. You think you know it all, but market may still amaze you in ways you may have never imagined! Don't fight the market :-)