/biz/ - Business & Finance

Over the last few weeks we've seen a huge amount of price movement in almost every coin in the top 100 and beyond. Along with the new bullish market sentiment, I've seen quite a few new users commenting in the daily who are new to crypto and have just brought in during the recent hype, I thought that now might be a good time to share some knowledge I've picked up over the last few years.
These market corrections are brutal - but necessary! - No market just goes straight up, no matter how much we wish it could. In order for BTC and crypto in general to grow and flourish its important that markets break new ground before having a correction or some sideways movement to cool off a little bit. The current market rally is a classic case of over extension and many of us were expecting a cooldown, we just didn't know when! Don't look at your portfolio for a few days and take some time off. Although these corrections are brutal, once they bottom the recovery is often fairly swift!
When in doubt, zoom out - Along a similar vein to my last tip, we've seen crazy gains over the last two weeks, if your worried about losses, just zoom out and look at where we were two weeks ago. Most coins are still up a significant amount in the last 7-14 days. At the current rate BTC could dip another 25% before the end of the month and we'd still finish November with the highest monthly close IN HISTORY! So try not to fret too much.

is a 4chan pass a good investment?

>just sold all my stinkies at 15k
enjoy the mega dump to 45c

>why yea I only hold btc, how did you know?