Experienced crypto investors know that volatility is par for the course, and would warn newcomers to prepare to ‘Hold on for Dear Life (HODL)’ when they make an investment.
There’s no guarantee that cryptocurrency prices will rebound anytime soon. Just as it’s impossible to know when we’ve hit the bottom of a stock market correction, there’s no way to recognize the bottom of a crypto dip until it has passed.
Long-term investors don’t have to worry too much about short-term market volatility, since they buy and hold investments for their longer-term performance.