Retirement savers lose over $3 trillion in the Stock Market Retreat and they say Crypto is Volatile?
The stock market is more volatile than the crypto these days in my opinion, retirement savers lose over $3 trillion in the stock market retreat which is a huge amount in fact the crypto market's all-time high was around $3 trillion, and that was just lost in the stocks market and crypto gets the heat for the current dip or bear market and other bear markets, which if you were trading on spots and you are willing to wait through the storm of a bear market and do not start panicking and sell off at a huge loss, your money will definitely come back to you once there is a bull run and price gets to where you bought in into that coin, so at the end, it was just an unrealized loss when your money was down during the bear market that is if you are or were caught in the dip and if you don't close that trade your money is still intact and not lost, unlike the stocks market.
Stocks Market
This year, the S&P 500 has slumped over 20%, the Dow Jones Industrial Average has fallen close to 16%, and the Nasdaq Composite has dropped more than 28%. As a result, Americans lost $1.4 trillion in their 401(k) accounts and another $2 trillion in IRAs, according to Alicia Munnell, director of the Center for Retirement Research at Boston College.
Yes, Bitcoin the first crypto created that worked is down over 70% from its all-time high at $69k in November last year, with its current price dancing from around $21k to a little below $20k, which is a great buying opportunity by the way, and the total crypto market also has taken a great hit from an all-time high of $3 trillion to less than $1 trillion now. But the good thing is that it will recover and if you are HODLing and stacking up or accumulating now, you have not lost anything yet until you close your trade which is not advisable if you trade on spots, not futures. Futures is a different ball game entirely if you don't have enough money to sustain your portfolio and can't control your emotions please stay away from it and trade and make your money from spots trading like me, with you doing that you will not notice or feel the volatile nature of the crypto market that much if you are willing to HODL and even better you can also DCA (dollar cost averaging) into the market at intervals to reduce the volatility impact on your portfolio.
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Volatility is measured in % change.
Not dollars exactly.
The stock market as a whole dropped less.
True
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Volatility should reduce as the overall crypto market grows larger, offers indispensable utility beyond just speculation, and becomes more intertwined with everyday life.