Things you hear during bear-markets and crashes

I'm not here to speculate on whether or not the bear has arrived, only to highlight mistruths that we hear every cycle. I'm sure you can add more to the list.

- (1) "BTC is dead"

BTC has died on 423 separate occasions and will die 1000s of more times if you believe the media (Source).

- (2) "BTC was a fad/craze/one-time bubble. Sell and move on."

"This time is different. The whole world was watching. BTC will never recover."

BTC ROI (vs. USD):

The table speaks for itself (Source). BTC has crashed 80%+ four times before and recovered to new ATHs each and every single time. The whole world was also watching in 2013 and 2017.

- (3) "BTC/crypto believers have lost faith."

Absolutely not. The tourists lost faith. The rest of us are holding. We establish the new floor and we gain new faithful every cycle.

- (4) "BTC/crypto crashed because of X." [China, Elon, Government Regulations, Whales, Manipulation]

Everybody searches for a reason but really, crypto markets tend to over-extend at ATHs - meaning virtually anything can trigger a move.

- (5) "I told you! Crypto is a scam! I knew BTC would crash."

This is Grade-A copium, mined from people who missed out on the gains and/or who do not understand the slightest thing about crypto.

- (6) "Governmental regulations will destroy BTC."

Incorporating BTC/crypto into regulatory frameworks is inevitable and necessary for mass-adoption. IMO, it does not change the long-term outlook.

- (7) "BTC has no intrinsic value. It's 100% speculative."

All that BTC has proven to be is volatile. It's entirely expected. It's spearheading an entirely new asset class and a revolutionary step forward in fintech. It was never going to be a straight line to the top.

TLDR: Relax, hold and enjoy your future gains.