Since Bitcoin is a not a stablecoin and hence isn't tied to any real-world asset, it's just as vulnerable to market collapses as many other cryptocurrencies. If you watch Bitcoin and its value, you've probably seen that you never know what's going to happen next.
Any cryptocurrency's price can theoretically drop to zero, as demonstrated with the Terra Luna price crash. However, for anything as popular and precious as Bitcoin, major changes would be required to allow for such a drastic drop in value. Understanding Bitcoin's operation is necessary to comprehend why this is the case. Bitcoin is frequently purchased as a long-term or short-term investment strategy. Some people like to acquire it when the price drops in expectation of a future increase and then sell it when that happens. Others acquire Bitcoin with the aim of hanging on to it for a long time, despite the potential for price drops and increases.
However, some people predict that Bitcoin (or another cryptocurrency) will eventually replace traditional currency. Centralized banking, they argue, is harmful or unjust, and that decentralization is the way of the future. The acquisition of Bitcoin by someone who possesses such a notion is more than simply an investment. It reflects their enthusiasm for cryptocurrencies.
Furthermore, even if Bitcoin were highly limited or outlawed in the majority of nations throughout the world, dismantling the entire Bitcoin network would still be extremely difficult. With over 100,000 active full nodes on the Bitcoin network distributed around the entire globe, the blockchain would only be completely destroyed if every single one of these nodes were to go offline, which is pretty much impossible unless there is a nuclear war where everything everywhere on Earth is destroyed.
So, trying to take down a website is not the same as trying to take down Bitcoin. Its extensive infrastructure, along with its decentralized character, provides a solid basis that is difficult to undermine, even by powerful governments.
Okay, but what about the actual price/value of Bitcoin? If you're into Bitcoin/Crypto just for the money, you're probably asking that question. Well, we've seen numerous bear markets in the crypto world take place in the past. We got through every single one of those bear markets. These bear markets didn't just consist of a single tiny crash either. On December 17th, 2017, one Bitcoin was worth approximately $20,000. One year later, one Bitcoin was worth approximately $3,500, which is about a 85% decrease in value. Another example is when Bitcoin dropped by 50% in value within one month. On February 16th, 2020, one Bitcoin was worth $10,000. Just under one month later, on March 12th, one Bitcoin was worth $5,000.
If you can't handle these 75% losses, you don't deserve the 500% gains, and you should have done more research before investing in an extremely volatile asset in the first place. The crypto market will rebound and there's no doubt about it. HODL your crypto, put it away, and don't look at it. Just check on it every few months so you know it's still there and isn't worth zero :)