So far.
It took gold, another popular 'store of value' commodity, several decades to reach its previous peak originally reached in 1980 (blue line):
* https://graphics.thomsonreuters.com/11/07/CMD_GLDNFLT0711_VF...
There was ~20 years of it not doing much. Then ~10 years post-GFC of it not doing much. A lot of folks are looking at headlines and making long-term conclusions that certain things are inevitable:
* https://en.wikipedia.org/wiki/Recency_bias
> ...which is why its not gonna plunge anymore. too many people have "seen" the pattern now […]
And how many times has the 'stock market plunging pattern' have we seen? Does that prevent people from panicking? As someone who has been in /r/PersonalFinanceCanada for many years now, the panicked posts of March-April 2020 were very real.
There is an entire field of study examining how people act badly when it comes to money:
* https://en.wikipedia.org/wiki/Behavioral_economics
People still think they can pick winning stocks and beat the market consistently over the long-term:
* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street