What's important is not when to buy the dip; I know many people bought around 82,000.

What's important is, when a liquidity crisis occurs and the market crashes, do you have enough cash on hand?

Everyone knows that during a financial crisis, assets are cheap and undervalued, but most people do not have cash on hand at that time.

This will test the investor's ability to control their 'maximum drawdown rate'.

At the beginning of October, I called for profit-taking on Bitcoin at 123,000. This round of decline has seen the total drawdown in the A-shares and crypto markets not exceed 5%, with a large amount of cash on hand.

But what about others? How much cash do they hold, while the market keeps falling?