This morning I woke up and looked at my phone, the notification bar almost burst the screen.

Dozens of people asked me the same question at the same time: "Is this going to crash?" I opened the candlestick chart and took a glance; the screen was filled with green, and the mainstream coins were all falling in unison. Normally, I would probably be sweating, but this time I was surprisingly calm while holding a cup of water.

It's not that I'm pretending; it's just that the brutal hit in 2017 educated me thoroughly—my account went from being fully loaded to only having enough to buy a pack of cigarettes. That kind of deeply ingrained pain has made me immune to this thing called "panic." Today, I'll be straightforward with everyone: this drop in the market isn't even close to a crash. The market just coughed a couple of times; if you understand three key points, you might even find a bargain.

Let's clarify things first — the root cause of this collective plunge can be summed up in two words: lack of money, plus a broken mindset. It has basically nothing to do with the quality of the coin itself.

The first reason is that money has been pulled out of the market. Recently, the fiscal actions in North America have been like a water pump, cutting expenses while simultaneously releasing over a trillion in government bonds. This operation is essentially like drawing blood directly from the market, you see? The logic in the crypto space and the stock market is actually the same; price increases rely on ample funds—just like inflating a balloon, when it's well inflated, it naturally expands; now that the air has suddenly leaked, it's normal for the balloon to deflate, which doesn't mean there's a problem with the balloon itself.

The second reason is even more fatal: expectations were not met.

Everyone was waiting for the easing policies at the end of the year, but what they got was a cold splash of "no adjustments for the short term." Emotions are most afraid of reversal; after holding out for good news, being suddenly doused with cold water is bound to cause a drop. When funds withdraw and retail investors panic, a stampede begins. But to be honest—such declines are often a short-term emotional release, not a trend collapse.

The pitfalls I've encountered over the past 8 years tell me: real opportunities are hidden when others are throwing away their chips. What we need to do now is not to panic, but to take three calm steps... (to be continued)