The thing that would shake my conviction isn't a price crash, I've watched those happen enough times that they mostly feel like noise now.

What would actually give me pause: if the development activity slowed to near zero and the core contributors quietly moved on to something else. Price is lagging signal. Developer attention is leading signal.

The other one: if a genuine technical flaw surfaced in the cryptography, not a "someone found a bug in a wallet app" thing, but something structural. That would matter. That would be worth sitting with.

Everything else, ETF outflows, macro pressure, government bans, another exchange collapse, I've basically pre-accepted as part of the deal. If you're holding Bitcoin you've already decided those risks are manageable. The conviction doesn't live in the price chart.

It lives in the question of whether the thing still does what it claims to do. So far, it does.