For anyone who is a net buyer of crypto- and that includes probably anyone reading this, the drop in prices is a 100% good thing. Any time that the price of an asset of which you are a net buyer goes down, you are far better off.

Here’s a principal to consider- never buy an asset unless you want the price to go down. I don’t invest in anything unless I am so convinced that I want it, that I would welcome future price drops.

One more principle- It’s far easier to get rich when markets move irrationally. I own crypto, and I can say with full honesty that the price drop is one of my favorite things to happen this week.