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A 30% correction or a 50% crash, sure. I dont think the institutional investors of today would allow a 90% drop. Those days might be over.
Alts though, yea those gains can be wiped fast.
this is what will have you bag holding in a bear market... The disbelief. The institutional investors will dump. Most Alts will go down 70-90% too along with BTC dumping too.
Until that real adoption and utility happens the cycle will continue.