Situation is not terrible or bad, its just current market situation. In long run everything be ok, now its a time for buying. Black Friday is here and discounts are everywhere, crypto is not an exception. Maybe I speak so calmly because this drop doesn`t hit me so much, its just a situation like any other, when you are with bitcoin long enough you will get use to it.
I sold some bitcoins at 7000 dollars, when it dropped to 5500 two days ago I thought its just a temporary drop and I bought, but now price dropped more, it`s ok I will make my position a bit stronger and I already bought on this price, if drops more I will buy again with the rest of my money, and I will not sell them until right times come, oh and it will come.