Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Anyone who intends to grow their investments over the long term needs to be in the market. Even if they get in when the market is at all time highs, they'll be fine as long as they don't panic and sell when the drops occur. Having been through 3 (4?) crashes over 30 yrs, I know this with certainty.
Anyone who intends to grow their investments over the long term needs to be in the market. Even if they get in when the market is at all time highs, they'll be fine as long as they don't panic and sell when the drops occur. Having been through 3 (4?) crashes over 30 yrs, I know this with certainty.
Back to the crypto thing , it seems a lot of people into crypto get impatient if they are down/negative on a position and just sell. It seems a lot also don't have much to put in. So they invest their $500 or whatever and then get impatient if things don't move and pull out at a loss to put into the next hot thing. Just a theory...but seems like it could be accurate from the things I've been reading.
Crypto is different in that it's much more volatile and risky and there isn't a decade or 2 of historical returns to get a feel for the average return over time. It can be up or down 20% to 50% in a matter of a couple hours. Anyone who puts money into crypto needs to understand they could lose most of their money and they need to be ok with that risk.
seeing a 50% drop in your investment in a month or so can be tough to handle. if stocks fell 50% in 4 weeks the world would be in a panic .
there is no history of valuation yet for it .
we knew stocks were under valued in 2008 as 117 30 year cycles acted as a guide . but bitcoin is down 50% , we don't know if there is another 50% to go .
It's actually good news for the market if frightened millennials are finally plowing dough in there, 'mox, since they're a rather large hunk of the population.
Just be careful if things start to get a bit ... toppy... lol.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
