Unless you are living under a rock, cryptocurrencies and the stock market are taking a beating with worse to come in the short term.
The likely explanation is that investors are moving money away from stocks and crypto into fiat, precious metals and other low risk options.
Rising inflation, rates, supply shortages, war, a pandemic are all combining to create a perfect storm.
I am confident that in the long term we will see crypto roar back as it always does. So long as you stick to holding through the storm (even if you are at a significant loss) the charts historically show that you will come out on top in the long run.
Let's be honest though, it's easier said than done. As crypto is so volatile and the majority of holders are sitting on significant losses, it might be tempting to panic sell at a loss.
But I firmly believe if we hold, DCA with whatever spare change we have, we will all come out much wealthier when crypto inevitably bounces back.
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