If you were wondering if you had the stomach for crypto, you should now know.

In light of this significant market dip, some people I’m sure are now understanding what true volatility in the wrong direction feels like.

There are a lot of veterans here who have been through the May crash and I’m sure were emotionally prepared for this to some extent.

In saying this, a lot of new people entered the game after May, and this recent market contraction will be their first real realisation that… well crypto is enormously volatile and the wealth it gives, it can also take away in an instant.

At this point I would expect our never traders to have decided or be deciding whether crypto is for them, and whether it’s an investment they can deal with long term. It seems that crypto can give a lot but also take it back just as quickly.