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RE: Whatever Goes Down Must Come Up: My Trust In Steem and Cryptocurrencies

in #altcoin7 years ago

Yeah, I agree with you man that if there is down, then there will be up and vise versa. Only through patience once can earn big. But, it is also true that when ever we see the market in red we start to panic and in that frenzied state we stop thinking Cleary and makes mistake of reducing our losses by selling our holdings. Although this method may save us from a short term loss but it will also be the cause of the loss of our largest long term gain.

For example, India's Investment guru Rakesh Jhunjhunwala in year due to economic dipression suffers a loss of more than 1000 crore ₹ but he still didn't sell his securities under pressure and then after 2 year in 2015 when market was up he made a profit of more than 2500 crore ₹. This shows that only through patience one can earn big.

A Casual Writer

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Good point indeed, thanks for sharing

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