In 2011 when Gox was hacked & BTC market-dumped to a penny, that was the entire ecosys.

In 2012 when pirateat40 blew up, that swung the market 50% in a few days. 1/

2/ In April 2013 when BTC fell from $266 to $50 in a day, that was also the whole ecosys & we were the laughing stock of fintwit and many mainstream publications for a long time.

3/ In Feb 2014 when Gox declared bankruptcy, almost everyone outside of bitcoin (& a bunch within) equated it with the protocol itself & wrote the entire thing off completely, leading to a -87% bear market (& that's just BTC...alts got rekt much worse & many died forever).

4/ In 2016, ETH suffered the DAO hack - an existential situation at the time for a top asset, that rekt a major bull market it had been in.

5/ After the 2017 bull market, we had a nasty bear phase that saw BTC down over 80% for months, and ETH 90%+.

Again, entire ecosys written off by many.

6/ In the 2020 covid liquidity crunch, bitcoin fell 50% in a day, and most other cryptoassets fared much worse.

Despite all assets getting smoked that week, btc & crypto were singled out by many as a joke due to the more extreme moves.

7/ And yet despite all that, here we are, up 581,000% over the decade:

(via: casebitcoin.com/charts )

8/ So by comparison one top-ten coin blowing up, representing less than 5% of total crypto mcap, doesn't phase me too much.

But maybe I've just seen too many things at this point.

* To be clear (esp to the people in my mentions calling for full LUNA recovery) - I'm expressing an opinion here about *bitcoin and crypto* overall doing just fine long term. Not expressing an opinion about Terra or LUNA specifically recovering.