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RE: Panic and fear during price corrections
A 30% correction in the cryptoworld is nothing, especially after a 3x increase in a month. This is not like the stock market where a 5% move is traumatic. In this sector, a 5% move is a coffee break.
So true... get some coffee and check back later... LOL :)
I did...my holding are down another 5% LOL.
Big money is made in cryptos by HODLing. It really is that simple. We can look back over the history of bitcoin and see some major pullback....over 60%.
Heck even STEEM dropped to under 10 cents...that had to be hard to take. Nevertheless, the ones who have a ton of SP now are the ones who didnt bail but hung in there (and even added if they could).
This is a multi-year deal for me. I do not fret too much about a couple days whacking a ton off the prices...this is going to happen. If I didnt want volatility, something like Treasuries might be a better play for me.
We all love the 40% jumps, need to expect 40% pullbacks at times.