I wouldn't say "assume," but I am prepared for a 50% drawdown at all times. It's not that I'm bearish, I've just seen it "crash" too many times to not prepare for this.
If it doesn't...Awesome! If it does, It will go back up, but I still have bills to pay.
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To get on zero, you must prepare for price crashes.
"The first principle is that you must not fool yourself and you are the easiest person to fool."
- Richard Feynman
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