Market's, corrections, and depressions.

in #market7 years ago

I don't give investment advice, but I do know some economic history. So, let's all take a deep breath about the market(s), people.

  1. A correction was long overdue

  2. Like I say about my medical numbers these days, it's about trends not data points. One hot day is not climate change. Stay the course.

  3. Stock market crashes tend to trail other indicators of recession. They are an effect, not a cause. The Oct. 1929 crash happened months after the economy turned into recession (which means contrary to what you learned in high school, the crash did not cause the Great Depression). The same is true with the crash in the fall of 2008. This is not a crash and there is are no indicators that we are, or have been, in a recession. Again, corrections happen.

  4. Ignore the absolute numbers, note the percentages.

  5. If you're younger and in this for the long game, there's probably bargains to be found.

  6. And stop blaming/crediting presidents. They get neither.

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hi @honeybee

this is great, a lot of sense.

all your new post are all upvoted

have a great day bro.

Hope you will have time to visit my article too.
I have a lot of interesting posts.

More power to you my friend.
P.s

@mrblu

The current market is correcting because QE is being withdrawn. There is no fresh money coming in from the printing presses.

Absolutely correct..Stay the course... Remain calm and we will be rewarded
Resteemed
Thx for this!

For future viewers: price of bitcoin at the moment of posting is 7889.90USD

Whenever the darker the darkness... Whenever the morning is nearby....
You shouldn't be depressed....
In crypto, there is no place for weak hearts.

mari saling membantu,

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I had seen cryptocurrency potencial it's just matter of time it always bounce back when everyone cry bubble is gonna bust best strategy is hold.

Would you think that current crash is related in any way to Mt Gox and Bitcoin futures?

It seem that those 2 are main reasons why entire market is dropping.