Early 2022 has been a jittery time for markets. The Nasdaq Composite has had its worst January since the 2008 financial crash and is down 9.49% from the beginning of the year.
The S&P 500 also fell 5.3% in January, experiencing its worst month since March 2020.
The world of cryptocurrency investments hasn't fared much better. Ethereum and BNB have both fallen 30% while Bitcoin – the biggest cryptocurrency by market cap – fell over 20%
Both markets are trillions of dollars down.
But none of this should mean you need to sell up and chase the next crypto gainer. According to a top financial advisor, Sam Kelly – chairman of EverGrow – markets falling is 'perfectly normal'. "If markets weren't falling I'd be concerned," he said in a candid video to Twitter followers.
Sam said that when running a successful financial planning firm he would choose investments with clients based on a '3 to 5-year plan'. Unless the client was adamant to sell when markets were down, Sam would always advise holding onto those stocks or shares. "If something doesn't fundamentally change about anything you invest in, if the market falls that's perfectly normal," Sam said. "Most investors would just see that as an opportunity to top up."
He Tweeted that 10% of investors make 90% of the profits by simply holding, and the other 90% of investors lose because they constantly move around.
In the case of EverGrow(EGC), its price has fallen moderately from $0.00000081 at the start of January to $0.00000063. But during its just four months of existence that's not because of any 'fundamental change' but just the movements of crypto markets. EverGrow made exciting gains up to $0.0000033 during November last year, and these gains will come again. Sam said the team has brought onboard new designers and developers to make EverGrow the perfect example of smart long-term crypto investment.
EverGrow also has a unique mechanism that distributes rewards in BUSD to all token holders whenever an $EGC transaction is made. The team has paid out over $34 million to investors within four months, making this a unique crypto that you make passive income off while waiting for markets to rally again.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.