I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
Worth mentioning that this "new strain" turned out to be so mild that most people didn't even know they caught it, while also providing them with an immune response that is more effective than the vaccines... So much fear was being dumped on the public that people were really feeling like this was going to be the end of civilization. Absolutely insane. I get that not all things are going to be naturally irradicated, but this pandemic was so clearly a scam to get trillions of dollars playing on people's fear of the flu that I can't believe there are still people out there wearing masks and pretending like they're helping society in some way. In reality, now that Omicron has proven to be a mild flu and provide better immunization than the vaccines, one could make the argument that it's those who are getting vaccinated and wearing masks that are causing this pain to be drawn out for our civilization.