Bitcoin ran up and then dropped hard. Then it started to run up again.
This rollercoaster can drive newer people crazy. It is also something that people just need to get accustomed to.
In this video I discuss how having a longer horizon in crypto is very helpful. We are now at the stage where bigger players are entering. This could drive things a bit nutty. Regardless, if one is looking at 3-4 years down the road, the moves we see now are not crucial.
If long term optimistic, the rule of thumb is to buy the dip. Not financial advice but a move many long term investors use to add to their holdings when volatility is there.