As we experience down prices, this is a good time to remember that price ≠ value.

At the end of the day, an investment is worth the sum of all income you can extract from it.
This means discounted cash flow (intrinsic value) +/- speculative premium/discount (extrinsic value)
I personally am a value investor, who underwrites only on the basis of intrinsic value. But it’s not illegal, immoral, or impossible to underwrite on the basis of future demand being higher than current demand.
Most crypto is, quite frankly, worthless. But not all of it - both from an intrinsic and extrinsic valuation framework.
I always say the market is a pool with three swimmers - investors, traders (aka speculators), and gamblers.
The investors look to intrinsic value, the traders to extrinsic value, and the gamblers to vibes.
I’m an investor, so I look for credible business plans. Traders can look for future demand catalysts (I’m not a trader so can’t be more specific than that without looking stupid). Gamblers just pick with their gut.
But lower prices are, ceteris s, less risky than high prices to a buyer. If you are a net buyer, you pray for market crashes and panics.
All that is to say, if you have conviction, you want to buy.
Disclosure: I’m 100% in stablecoins after selling my OP this week.