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RE: [dtube] Feeling Scared? Words of Encouragement for HODLers

in #cryptocurrency7 years ago

Thanks for the encouragement!

For me personally I first hand saw how many people sold their stocks during the 08 crisis only for the same stocks to recover and go beyond previous highs later. This experience has hardened me for the current dip.

Just a small road bump on a long highway.

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Well maybe, but equity is different from crypto currency. Stocks represent ownership of companies that produce a product and generate wealth. Yes some companies go bankrupt and their shares become worthless but vaste majority do not. With Cryptocurrency , as Louis recently pointed out, the vaste majority will go to zero.
In "08" history told us that the market would go up. Some individual stocks would not but a " basket" of shares would. We do not have the same amount of historical record to help us in crypto currency markets. I hope you are right on your decision to "HODL", I am doing the same. However I am not sure the history of the equity market can be applied here.