It’s all paper losses until you sell.

You only lose once you sell. Its interesting for a lot of people, especially the newer folks to bitcoin that a 25% pull back is world-ending.

Crypto-aside, even the stock market suffers a recession every 8 years or so. Too many people bought into bitcoin thinking it’s an asset that only ever goes up, and not an asset that has ups and downs.

If you can ride high when BTC is at $120k, $140k, and higher, you gotta be able to grit your teeth and bear the $70k and $50k troughs.