However, what we're currently experiencing is mild, so what if we're getting to the region of 50 to 70% loss in dollar value?

That will be crazy, especially if one depends on crypto to survive. I have been fortunate enough no to panic in these instances because I haven't been in situation(s) where I solely depend on crypto to cause me hitting that irrational sell button.
I think the long term plan of me have kept me unmoved whether we are in bearish or bullish season. I just focus on the goal.

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