The thing is, It could drop to $1800 and take some considerable time to recover- but it will almost surely eventually recover and increase. If it shoots to $5k, and the same slump happens, it would still be highly likely to recover and continue climbing. If after the FULL costs of borrowing are factored into a RATIONAL earnings projection it looks like an acceptable return, why not try it?
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Almost surely eventually recover. Why? It could go to $0.
Sure- ANYTHING can happen- but it HASN'T gone to 0 in the worst instance, and every crash has recovered. I certainly agree there'd be lots of panic in a slump, but there's almost always BIG buyers when it bottoms out, that's almost always what actually triggers the recovery.
Another thing to think about- if the entire crypto market collapsed, don't you think there'd be FAR bigger and more widespread problems?