It's been even worse before! Back in September 2011 the price basically crashed within days sooo freaking severely, I bet a lot of people almost turned to stone. We'll have to see if the recovery continues. If so, we may now have entered a bull market again, otherwise we will likely revisit $150 for a double-bottom or maybe double digits!
Back then I would think that people knew that they were "gambling" more with something so new though. Perhaps it should have been a little less shocking then? At least that is what I figured. Even when I joined the "party" in 2013 I was aware of the volatility and even warned we would have some bubble cycles, and was aware that there were risks involved so it didn't really come as a shock. Now, however, it feels like we should be more "secure" with all the new developments in place.
