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RE: Ride the crypto waves

in #cryptocurrency7 years ago

The market has rebounded every single time there was a crash. Even 1929, the very next day the market had rebounded and everyone who didn't panic was fine. Maybe not back to where they had been but not destitute. The Great Depression was more man-made than anything else, with those who still had their money holding on to it instead of providing jobs until the war forced them to hire people.

I agree, ride it out. Don't panic. People bag on Warren Buffett, but he's gone on record as stating he doesn't panic when the market drops. He buys more at that point because so many people are selling drastically low. He knows it'll bounce back up. And if anyone knows what they're doing it's Warren.

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It's always going back up, and the great thing about crypto is that you don't have to wait years as it happened in the 2007 crash, the market recovers in a matter of months, sometimes even less. I think that we already have a big chunk of people in crypto that are already "grown up" and didn't scared and sold when the market dropped. :)

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