Why My New Colleague Loves Bitcoin’s Wild Swings

Bitcoin has lost more than $12,500 in just nine days.

Since November 4, it’s fallen from around $80,400 to as low as $67,900 this morning — a drop of over 15%.

More than $1.4 billion in leveraged crypto bets were wiped out as traders scrambled to get out of the way.

Then, just as the selling seemed to be picking up speed, AI stocks came roaring back.

If you’re trying to make sense of this market right now, I want you to understand something.

I’ve seen this kind of volatility many times before. And I’ve learned that how you respond during these moments can matter far more than the latest price move.

I was there during the COVID crash in March 2020, when bitcoin plunged nearly 40% in a single day. Teeka and I helped our readers navigate the brutal 2021–2022 bear market, when bitcoin lost roughly 77% of its value.

And we guided our readers through the FTX collapse in November 2022, when bitcoin fell 27% in just four days, from roughly $21,300 to $15,600.

I’ve been through enough of these cycles to know how painful they can be. 

And while I can’t tell you exactly where bitcoin will bottom, experience has taught me one of the most important lessons in investing: Making decisions about your money in the middle of a panic can be one of the most expensive mistakes you’ll ever make.

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