Crypto Crash? Relax, Bitcoin Will Bounce Back (Again… Seriously)

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So, Pro-XRP lawyer John Deaton, who has apparently seen more bear markets than a zoo, posted on X (yes, it’s still called that) reassuring everyone that the pain of the Bitcoin bear market will, as always, pass. Great news, right? 🙄

“I bought Bitcoin for the first time in late 2016. I remember riding it to $19K in December 2017. I didn’t sell. I member wishing I sold and bought back lower but I just waited because I’m not smart enough to time the market. I’ve tried – I’ve failed. In March 2020 it was also…”

– John E Deaton (@JohnEDeaton1) November 18, 2025

Bitcoin Bear Market Will Pass, Say Veterans (Again…)

Deaton wasn’t the only one chiming in. In fact, Kobeissi Letter, the crypto equivalent of your overly optimistic friend who always says “don’t worry, it’ll get better,” made the same claim earlier. Spoiler alert: they’re also right… in a ‘history repeats itself’ kind of way. 🤦‍♀️

On November 18, they took to X to remind investors who have had more than their fair share of bear market tears that this too shall pass… but not before some major ups and downs.

To all the crypto investors anxiously watching right now:

Since 2017, Bitcoin has seen:

1. 10+ declines of -25% or more

2. 6 declines of -50% or more

3. 3 declines of -75% or more

Every single decline of the current magnitude or more since Bitcoin’s inception has been followed…

– The Kobeissi Letter (@KobeissiLetter) November 18, 2025

Basically, Bitcoin has dropped like it’s auditioning for a role in a financial drama series, with 19 major declines since 2017. But don’t worry, there’s a silver lining: after every fall, Bitcoin rises higher than before (insert dramatic music). 🚀

Kobeissi Letter, ever the eternal optimist, says the current bear market is just part of the usual cycle. “Disruption is not easy, but it pays when you can sound out the noise.” In other words, keep calm, carry on, and ignore the noise. Sounds easy, right? 😅

In his follow-up post, Deaton had a few cringe moments himself. He reminisced about the first time he bought Bitcoin in 2016, riding the wild rollercoaster to $19K in December 2017. But instead of selling, he just waited like a sad potato, only to regret it later. Whoops. But don’t worry, he wasn’t “smart enough” to time the market (no one is, trust us). 😬

Bitcoin Price Today (Spoiler: It’s Down… Again)

Fast forward to today, and Bitcoin’s price has dropped by 4.6% in the last 24 hours. Ouch. As of now, the beloved cryptocurrency is sitting at $91,149.70. Over the last 7 days, it’s dropped 13.38%, and in the last 30 days, a dramatic 14.44%. But hey, that’s crypto for you, right? 😏

But wait, there’s more! Despite the price plunge, Bitcoin’s 24-hour trading volume is still looking pretty solid, up by 47.98%, sitting at a cool $117.24 billion. Market cap? $1.8 trillion. If that doesn’t scream “opportunity,” I don’t know what does. 💰

Oh, and let’s not forget MicroStrategy, which just scooped up 8,178 BTC for $835.6 million. Average price per Bitcoin? A tidy $102,171. Because why not, right? 🤷‍♀️

And as if things couldn’t get more bizarre, Robert Kiyosaki, the man who wrote “Rich Dad Poor Dad,” is still backing BTC. Yep, against all odds. I mean, at this point, if Kiyosaki’s in, you’d better just buy that Bitcoin. 😆

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2025-11-18 18:43