The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
People being afraid of this situation is not really that uncommon and not that shocking. Obviously, it is not an easy thing to accept that we are not going to end up with anything decent for the short period of time, and many traders lost a lot of money during this period as well and they can't wait to get some more money. All of this resulted with some unhappiness and hopelessness and that is understandable.
Of course, we all know that in the distant future it will be a lot higher, of course it will be 100k+ one day, but these drops caused it to be a lot later, if we were 50k+ today and never went below that price, getting over 100k+ could be very easy, but right now it is not that easy at all and will take a lot longer time. Doing a 2x and doing a 3x can be very different and could take so much more time. We just have to wait and see.