Raoul Pal, a seasoned investor with 38 years of market experience, shared his insights on handling crypto market crashes. Pal, who entered the crypto market in 2013, emphasized the importance of long-term holding, or "HODLing," as a strategy to weather market volatility. He recounted his experiences with significant market downturns, including a 75% drop after his initial Bitcoin purchase and an 87% decline during the 2014 bear market.
Pal highlighted two key lessons: the power of holding through long-term upward trends and the importance of decisively adding to positions during market declines. He advised against relying on borrowed beliefs and stressed the need for personal conviction in investment decisions. Pal also noted that volatility is an inherent part of the crypto market, and managing emotions is crucial for long-term success. He continues to increase his crypto holdings during downturns, viewing them as opportunities for future gains.
Raoul Pal Shares Insights on Navigating Crypto Market Volatility
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