Don't forget that at some point, another crash will come remember today and use it as motiviation to HODL through the next crisis

The historical "average" decline would be larger, around 70-75% - note that I'm not saying "normal", since some fall less and some fall much more. Some fall all the way to $0, which skews the distribution to the left.

If you wanted to apply historical examples to get a range, you'd start where the rally began ($250 or so, early 2015) and watch for where parabolic growth began - about $1000 at the beginning of 2017. That first $750 is "safe". Say if BTC were to top out at $11000 (very unlikely, but the math is easier this way), somewhere between 50% and 80% of the 10K rally could be lost - down to the $3000 to $6000 range.

But you can't call the top - so you see the problem with trying to apply even a rudimentary calculation. What if the near-term top is $15K? $20K? $50K? They all present very different pictures coming back down.

/r/Bitcoin Thread Parent