Since Im a Bitcoin and cryptocurrency advocate, I really can or cant agree with John McAfee. It really depends on the situation or financial condition we are in.
If Im a person who learns how to diversify our money and opportunities, then I would worry less with Bitcoins value going down. Diversification is the key. We cant just simply rely on our Bitcoin or cryptocurrency holdings.
If we dont diversify, that would make us panic when Bitcoin and other alts goes down and forced us to cash out all of them. Its because were equipped with fear, doubt and uncertainty.
The current markets situation is also testing me too. But you know what? I definitely love the challenge, as I always consider this as my ultimate perspective test. I have a different perspective in mind, which I always think about long-term, thats why I keep diversifying.
My advice is this. Do a side gig or at least get a temporary job to sustain your basic needs. This is what Im doing these days. When Bitcoin and altcoins are on its glory days, I diversify by selling and holding some. I used some of my money to diversify in other areas that would keep me going further.
I hope this helps those who are in panic mode.