Hello and welcome to Broconomics. Now, in this episode, I wanted to respond to a lot of you at once

because some of you have been panicking. I know this because I've been getting lots of, you know,

messages and DMs and all that sort of thing by people saying, ooh, the markets are down.

Should I panic? Should I sell everything? And I must behave because I started off by responding to all

these people by saying, yes, all is lost. Panic now. And I think actually some of them took me

seriously on that. So I then had to follow up and say, no, no, no, it's fine. Don't, don't worry.

You know, this is, this is, this is, this is, this is quite normal what's going on at the moment.

But it's a good opportunity to talk about market dips and pullbacks.

I mean, actually, it's all part of the game, you know, you get, you get uptrends, you get

your pullbacks, you get your crashes, you get your recoveries.

You know, even a, even a perfectly boring market like the S&P 500, it is actually quite normal for about three times a year for there to be a 5% pullback.

At least once a year, these are historic averages, at least once a year you'll get a 10% correction and you'll get a 20% bear market every three to four years.

And that's in something nice and simple and boring, like the S&P 500.

You go to something with a bit more volatility, something like Bitcoin,

which is obviously much further up there, although not quite as far as the

assortment of altcoins and all the rest of it.

On Bitcoin, you get maybe seven, six, seven dips of about 30% in a bull market.

So even in a ball market, I mean, yes, in a bear market, it's a bit harsh.

But even in a ball market, you're going to get 7 30% dips.

You know, was it to 2017? In fact, I'll look it up in a second.

2017, the market dropped 35 to 40%, several times, in fact, before then going on to run up 24X.

So, look, don't panic is basically what I'm here here to say. I'm not panicking. I haven't sold anything. I'm adding a little bit here and there.

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