This is a bitcoin pullback for ants. Historically we have seen multiple 30% drawdowns during bull markets, so the current price drawdown of 15% is small in comparison.
I really liked the perspective of Anthony Pompliano and how he phrased it in an interview on Bloomberg Television today. You really need the wisdom of some of the elders in this industry, because it is so easy to get blinded by looking at 1h charts, and as the markets fall, you feel desperate and feel as if the world is going under. Well, that's not happening anytime soon. The wisdom of a guy like Anthony Pompliano, or simply switching to a daily or weekly chart, will suddenly help you see the larger picture of the price of Bitcoin... we are in the green, we are safe, and there is no need to worry!
And yes, that is also why it is important to invest in things you believe in. I don't believe in MEME coins, so I don't own anything at all. Well, actually I do, I have some BabyDoge coins I bought four years ago that just lie in a wallet I never touch, but I don't believe in these coins, so I would sleep really bad if my investments were in such tokens.
But, knowing that I am a invested in Bitcoin, Ethereum, and other tokens that I trust makes me sleep well, even though the prices are falling. I see the long perspective, and I invest in products and tokens that I trust.
And then, if I still feel insecure, I listen to podcasts and videos and people such as Pompliano who can cheer me up and bring some perspective on things in the midst of days like the ones we have recently seen.