I like comparing the stock market to Crypto because many of the same things factor in. The difference, it normally happens MUCH faster in crypto compared to stocks. It's why you get wild price swings like today in a matter of a few hours instead of over the course of a few days like you would in stocks.
Adoption of crypto has happened it's going to keep happening so thinking you lost everything today is one of the dumbest things I've been hearing. Your holdings today will most likely double if not better in a year or longer. People are so short sighted and want instant millions and gratification. But then again that is pretty much a generation we have built now isn't it?
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Smaller markets tend to be a lot more volatile. If the crypto market becomes $20 trillion or $30 trillion, I think the volatility will settle down. In the meantime, there is a lot of real estate between here and there so the wild swings will continue.
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