In focus: Bitcoin's 6000%+ Stage 2 Advance

Study Bitcoins Stage 2 advance from October 2015 to December 2017.

Take note of the scale and duration of the pullbacks that you had to endure in order to hold through the entire +6000%+ gain. -30% to -40% pullbacks were common throughout the Stage 2 advance. Could you sit through pullbacks where you lose more than a third of your gains. If not, then consider what type of trader you are, as an investor will need to be able to handle these kind of drawdowns multiple times, in order to be able to stay on board for the entire Stage 2 advance.

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.