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According Iconomi DAA - Solidum Prime (SOPR) fund manager Gregor Zupanc, considering recovery times in 2017, the longest recovery period lasted for 61 days. In 2018 at this current 1st correction we are still only at the 28th day as of today, so more correction can happen. Please take a look at the full article and his blog, you can find valuable insights.
"The first crypto market correction in 2018 is still in full swing and nobody knows when it will come to an end. Now the question is: How long will it take for the market to recover after it finally ends?"
https://blog.solidum.capital/crypto-market-correction-and-recovery-periods-f87072281c95
These types of graphical data are very useful - thank you for posting this. Will follow you.
Thanks, same here :)
All the corrections look different. I think we will only be able to tell in hindsight when the correction was over. It is usually best in my experience to not try to buy the bottom, but instead wait for the market to stabilise.
Bottom fishing is a difficult task indeed. Thanks for your comment!
Yea the recovery period for ETH was brutal. No action for so long. Guess nothing to do but HODL
It will recover, it will go over and beyond 20k, 50k, 100k, patience and strong hands are the keys in this game. "The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
Thanks for your comment!
Thanks very this information
Welcome Robus!