Cardano (ADA) founder Charles Hoskinson says large corrections are routine parts of the crypto industry and that the hysteria surrounding the latest market crash is inflated.<\/p>\n
In a new video update<\/a>, Hoskinson says that seasoned investors seem unfazed by the most recent sharp market downturn as they have witnessed similar-sized corrections in the past, while newer investors are hitting the panic button.<\/p>\n \u201cI\u2019ve been in this space for almost a decade now, and I remember Bitcoin before it was a $1, and then going up to $30, then down to $4, then to $250, then to $80, then to $1,200, then down to $250 again, then up to $20,000, then down to $4,000, then to $64,000\u2026<\/em><\/p>\n And no matter where I go and what I do, it always amazes me that there\u2019s this constant rhyming of the attitude. So the old guard, nothing phases us anymore. We\u2019ve seen everything twice, just to make sure we didn\u2019t miss anything.\u00a0<\/em><\/p>\n The new people, the minute that something occurs, like for example the collapse of a stablecoin or the collapse of Bitconnect, or these types of things, then they say \u2018oh my God, this is the end of crypto. Everything is over, we\u2019re all going to die, the markets are over, the dream is gone.\u2019\u201d<\/em><\/p>\n Hoskinson goes on to \u201cwelcome\u201d newcomers to the latest crypto winter, saying<\/a> that it could take weeks to months for the industry to find a bottom before steadily climbing up.<\/p>\n \u201cIf this is your first crypto winter, then welcome. Been through many since 2011 and they always hit like a cold ice bath. We are in the panicked, blood in the streets phase. It clears in weeks to months as a bottom is found. Then a long climb up a ladder.\u201d<\/em><\/p>\n Check Price Action<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/p>\n