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yeah Kelly today's plunge caused some panic but experts actually point to this chart which shows the stock market holding steady from the 1970s up to the 1990s when it began to actually skyrocket that of course have lows and highs but the bottom line is hold on when the ride gets bumpy shortly after the opening bell the Dow Jones plummeted more than a thousand points Nike Yahoo and all of them I mean you can see clearly that they're all going down Lacey Tyrell was one of many closely watching the market today I'm sure that's affecting a lot of people's wallets financial advisor Dennis Pearlman has been responding to investors fears all day you know there's an expression we're talking people off the ledge but the reality is investing really is a long-term venture konichiwa I'm Sakura Nakamoto and you're watching Nakamoto rised cryptocurrency news and information the stock market took a dip yesterday and is sputtering today the crypto market responded with an echo this is a trend this tells us that crypto currencies are being traded as speculative commodities that should come as no surprise there are a few Kryptos that are building infrastructure for real world use but the crypto market is awash with highly speculative projects that will never deliver on their promises and many are nothing more than pump and dump schemes and the developers will cash out and bail out at their earliest convenience many people ask me to essentially pump coins I will not some people get upset with that and ask why I only pump like coin I don't pump any coin I promote light coin because it's really real I cannot express that in any simpler terms this channel is called naka motorized in honor of Satoshi Nakamoto anonymous creator of Bitcoin I support Bitcoin I also support light coin which is the original fork of Bitcoin designed to be a companion to Bitcoin and not an adversary light coin has attributes in common with Bitcoin but there are differences between bitcoin and litecoin among them is light coins ability to adapt to the needs of the market ahead of the problems that develop that's due to forward thinking and the willingness of light coin developers to innovate that comes from creator Charlie Lee and has been instilled in the light coin foundation as a friend and not a professional financial adviser I point to the tried-and-true advice of professional financial advisors such as the gentleman in the intro of this video did you hear him he said investments should be considered for the long term investment advice for stock trading often applies to the crypto market even the reporter in that old news clip said exactly what many of us who have been in crypto for more than a minute say when the market is reactionary and irrational hold and that happens a lot why because human beings are reactionary and irrational no offense right now we have a massive amount of day trading and a whole bunch of cryptos that won't survive their infancy yet that hurts the overall market cap when people are getting proverbially murdered out there there's going to be some withdrawal from the game the bottom line is this a few coins will survive and thrive find them and hold them through volatile times in the long run you will win go litecoin thank you for spending time with me please poke the like button and be sure you've subscribed ring the bell to be notified when I post new videos you can also follow me at Nakamoto rised on Facebook and Twitter until I see you again I'll keep you in mind in my electric dreams
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