Those who stick with the market during tough times will be rewarded—and learn important lessons for the long term.
Those who stick with the market during tough times will be rewarded—and learn important lessons for the long term.
The Roundtable: Patience Wins the RaceA group of experts joined Roundtable to discuss the May 2022 crypto crash. In this segment, Rob Wolff examines how the incident will affect the markets and what investors will learn by holding through the downturn.
"My audience has shrunk a little bit because the get-rich-quick people are already gone," says Wolff. "The people that are here now are the ones that have learned the lesson."
He goes on to say that these investors will be the ones to reap the benefits when better times return.
"Those are the ones that in 2024 or 2025 are going to be saying, 'I'm remembering 2022 when I was down 70% and I could have sold, but I didn't. I just kept buying and here I am.'"
He concludes, "All they have to do is stick around for that five-year hopeful window. They're gonna be okay."
Watch the full discussion below:
Roundtable Guests:
Adrian Baschuk, EP, Crypto Banter
Jon Najarian, CNBC Contributor
Rob Wolff, Creator, Danteachescrypto.com
Alex Johnson, Co-Founder and CRO, Velvet