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RE: JOIN my newest crypto QUIZ TODAY [for crypto maniacs only]

in Project HOPE4 years ago

7 corrections of 30% or more in 2017, so we have had a great year so far - just 2.

Also, corrections are healthy and are part of the process. If people expect a 5x, 10x return, they should expect 50% corrections. It does not feel good because the P/L looks bad but this game is for the long run and people should only invest as much as they can afford to lose. I am quite ok with current market conditions. The positive tailwinds are still intact and although I too feel sad when such massive drops happen, I am not getting out of crypto.

The details of the corrections are below -

Jan 2017: 1147 to 734 (36%)
Mar 2017: 1360 to 919 (32.5%)
May 2017: 2806 to 1913 (31.8%)
June - July 2017: 3000 to 2043 (31.9%)
Sep 2017: 4980 to 2975 (40.2%)
Nov 2017: 7898 to 5511 (30.2%)
Dec 2017: 19891 to 10400 (47.7%)

Jan 2021: 41986 to 28732 (31.5%)
Apr - May 2021: 64899 to 30000 (53.7%)

Some interesting points -

By May of 2017, we had seen 3 corrections as opposed to just 2 this year, however, the size of the correction in May this year is massive.

The only correction close to 50% in 2017 was the onset of the bear market! :)

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 4 years ago 

Thank you for participating in my little quiz @karamyog

Amazing comment. And as promised: 10 steem will be transferred to you shortly.

Cheers, Piotr

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