Obviously I can't predict the future, I can't tell you exactly when the bottom of this downtrend will be or when it will start shooting up again but what I can tell you is that things like these have happened time after time in the crypto-world. Every time these things happen it makes big headlines and news and the panic and fear equal the losses that new investors make cause they either got in late or don't know enough about the history of cryptos to realize that you won't lose out as long as you don't sell.
I think a lot of people needed to hear those words, many people have been panicking and doing rashed decisions, maybe because they are new to it and never witnessed anything like it. Kind of like me, but I have been following up lately and managed to hodl my coins.
Nice pictures too, and cute cat :)