Great investment persistence test
After the events on the cryptocurrency exchange from the last two days, I hear more and more opinions that the bull market is over. To be honest my first reaction to these voices was a sheer amazement.
I've been investing in the cryptocurrency market for the last four years and I am sure of only one thing - drops of 25 - 40% are frequent and inevitable. Something that on an ordinary stock market would be hailed as the crash of the decade, here is at best a little correction.
To all the people who are considering selling their cryptocurrencies (BTC / ETH) after declines, please check how many similar double-digit declines took place during the last bull market. The picture on top should tell you everything you need to know.
image src: BTC/USD corrections during 2016 and 2017. Source: Nathaniel Whittemore/ Twitter
I will be more than happy to get into a creative discussion in the comments.