Hey @JesseQuinn, that's a great question and I totally understand how some people won't value Bitcoin or digital assets, like Warren Buffet says "it doesn't produce anything".
I feel its a moral obligation for us, humanity as a whole to help the most fair money/asset every created become a success. Its monetary policy cannot be persuaded, controlled, lobbied, or changed. Imagine if gold had an absolute mathematical finite supply AND could be transferred digitally or used for payments, that would be a "golden" property, so the next best thing = Bitcoin
- btc finite supply vs fiat infinite vs gold semi-finite (until meteor mining)
- payments can be made instant, free (check "Lightning Network" or "Liquid by Blockstream")
- pure ownership, you hold your BTC cold storage and nobody can freeze, limit, deduct, hack, steal that from you, absolute true ownership. Even your money in bank is not actually yours, you have access to it, but it can be frozen/limited/seized etc (look at what Canada did to the truckers)
.... and i see a lot of haters always say "the only reason to buy btc is they want to become rich" that can't be more false. We consider Bitcoin a "savings technology", since we can't be stupid enough to save cash in bank which is 100% guaranteed to lose 100% value per 30-50 years.
And your question about what I'm doing during drops like this, tbh, I'm calloused nowadays, drops like this I see as opportunities, and exciting
I watched it crash from $1000 to $100, $20k to $3k, $60k to $20k, etc etc, no way anyone can perfectly time the top to sell, or time the bottom to buy, so I think any big drops (like now) is great time to buy a lot, while always having auto-weekly-buys too. I live by this: "time in the market beats timing the market" we have to accept not making perfect moves, bcos if waiting for perfect, and end up doing nothing, you lose in the long run.