I read this morning two stock market charts of rock bottoming numbers that looked very familiar for what we're going through right now in Crypto. Then I realized company 1 was Apple.
The author writes, "Most investors would probably panic and sell both companies after seeing massive drops like these. They also would be making the biggest investment mistake of their lives."
He goes on to say that most investors would have panic sold in 2000. But for those who held on for dear life...
"Apple investors in 2000 who didn’t panic-sell and saw the big picture would have turned every $1,000 into $23,747,800 today."
Say what??? Everyone needs to hear that...
The second company is Amazon. Their numbers are even more astounding.
"On its way to becoming the second-largest publicly traded company in the world, the online retailer took a 96% nosedive during the 2000 tech wreck. But investors in 1999 who had foresight and held during the crash would have turned every $1,000 worth of Amazon stock into $31,488,939 today."
Here's the full article:
https://www.palmbeachgroup.com/content/palm-beach-daily/why-you-should-still-bet-on-cryptos/43452/
Markets go up. Markets go down. The article reminds us that it's normal.
It's the best news I've read today. So I thought I'd share.
Here's my blog on how I made the most of the bear market: https://steemit.com/cryptocurrency/@angelfish/how-the-bear-market-turned-my-finances-around-for-the-better
Are you ready to HODL for the long-run?