If you're freaking out today, you might want to take a look at these comments in the daily almost exactly 3 years ago. And if you're not freaking out, read them anyway. They're pure gold

I've shared these comments before but with the 3 year anniversary coming up and with recent news events and so-called "stable" coins losing their peg, I feel like now would be a good time to look through a previous "catastrophe" to get some perspective.

On 12 March 2020, as covid was spreading all over the world, people were also panicking as the Bitcoin price plunged approximately 40% from $8000 to $4,800 in a single day. A global pandemic was unprecedented, and to many it felt like this could be "the end of crypto" (spoiler, it wasn't).

So check out some of the highlights from the daily that day. It sounds like something you'd find in the Buttcoin sub:

I've been in crypto 4 years and have never lost so much money in a single day before. Funnily enough, I feel nothing.

HOLY FUCKING SHIT! 5.8K?!! REALLY??!

Down 33% last 24 hours. Down 59% last week. Big oof.

This is the end for Bitcoin in my opinion.

Just sell already. Cryptocurrency is the most obvious ponzi scheme in the world. Literally, bitconnect had a huge marketcap in the past. It's okay to admit you fell for an obvious ponzi scam.

Been in crypto since q1 2013 and this is the worst single day crash i have seen

Might buy some BTC at $100

Huh. What the hell? From 8000 to 4700 in 28 hours?

At this rate you'll be able to buy 50$ btc in a week

Wow eth hit 90 already. Going to get pretty bad. We may see 50 dollar eth

Crypto is over. All shares are collapsing and soon fiat will hyper inflate. This is the end.

the real joke here is that we thought this would reach ATH this year

(This is a good one because we actually did go on to make a new ATH later that year.)

I can't believe some of you are buying back in already. That was just the start of the new bear market. The Fed pumped 1.5 TRILLION dollars into the stock market yesterday and it barely did a thing. We are going DOWN big time from here as soon as another bad enough Corona headline hits

I will buy when BTC hits 1000$.(in a few days)

Good to see that people are realising that bitcoin is actually worthless and has no value

can someone please fucking explain to me why anyone should keep holding bitcoin ? it has proven to be an utter failure at the one thing it was thought to be useful for.... sToRE oF vAluE. myth debunked. it is an utterly useless piece of trash. the only thing that would make sense is for this shit to go down to zero and fucking spare us all.

But some users were able to look past the fear and see the bigger picture:

Unpopular opinion: Bitcoin is still a digital gold and a hedge against the recession. The current decline is the future "low base effect" being formed. When a rise of Bitcoin in a sea of red will hit the news at the right time, stocks money and money printed to soften the recession will flow into it leading to The Moon.

When times are bullish we tend to get overexcited (when 100k?) And when times are bearish we tend to fear the worst (see above).

I don't know what's going to happen next. You don't know what's going to happen next. But as long as you have your crypto in self custody and it's not a centralised and/or shit coin, sit back, grab some popcorn and enjoy the drama. Think of it as something to tell the grandkids one day