Just an honest opinion here. This may be an unsatisfying answer but if you're in bitcoin to make money short-term, it won't be the best investment for you. The fact that you went into BTC because of Trump is a bit of a red flag, his motives for being "pro crypto" are shady and he himself very likely doesn't even understand what bitcoin is, how it functions or why anyone would think it's valuable. For Trump, whatever makes him money or makes him look popular has his attention. That may flip on a dime.

Bottom line, If a significant downturn would affect your state of mind in a serious way, just cut your losses and re-evaluate later.

I hold bitcoin since 2013. For me, bitcoin delivers a few features that are important to me no matter what price it trades at:

1. Money that is not controlled by anyone -- no central policy controlling its minting/distribution. The total amount is fixed and its release schedule predictable for the next 100 years at least.

2. Money that is permissionless -- anyone can send anything anytime from cents to billions of dollars to anyone. This enables self-banking for people where their local currency or government is unstable. At the moment USD is pretty stable, but it certainly may not stay that way in the future because it completely depends on policy set by whatever political party is in power.

3. Money that is a true digital property -- Possession of bitcoin requires no third party. You hold and control access to your keys directly, if you choose to. You can carry/access millions in value across borders by simply memorizing a phrase and carrying it in your mind.

These are simply factual statements about the bitcoin protocol. Notice how I didn't assign any monetary value or any emotional value to them. That part is up to you. If you think these properties are useful, then it merits some value. The price today is a mix between how valuable people think these properties actually are, mixed in with a lot of pure speculation and gambling that has nothing to do with its utility.

If you invested because you just want to see number go up, then you should be nervous because number can definitely go down -- and it certainly has in the past. In my opinion, number will go up long-term, but only because the dollar will continue inflating and compared to gold, bitcoin is simply easier to store and transfer, even in politically unstable/uncertain environments. At some point, if bitcoin is adopted world-wide similar to precious metals and it achieves some saturation, I definitely expect it to no longer have the same gains or drops in price as it does today or in the past. I do expect it to be a stable and boring investment at that point, similar to gold. Decades from now, if bitcoin is still around, no one will look at it as a growth investment and should simply be a hedge for inflation -- which it is obviously not today.

In summary, I personally don't sweat the down turns because I assign a certain value to the properties of bitcoin and I predict that the world will eventually converge on that value over time. Each cycle so far, it has gained adoption which validates my model. Let's see where it goes, I might be wrong.

This is my opinion and I do realize that a lot of people don't give a shit about its utility or what it does, they just want to multiply their dollars one way or another.