So in the short-term, it’s likely that cryptocurrency prices will be very volatile, and possibly tending to the downside. Interestingly, if the Federal Reserve decides once again to fill its balance sheets with financial assets like it did during rounds of quantitative easing, this short-term effect will likely be replaced with a surge in asset prices, including cryptocurrencies.

President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”

Who's buying the dip then?

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

According to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban the issuance and circulation of cryptocurrencies.

... a New York attorney named Frederick Barber Campbell had one deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused, and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[12] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.

Then we practice Strong Hand Hygiene of the great Tyson Fury and dip our Strong Hands in gasoline for 20 seconds while singing happy birthday.
 https://www.the-sun.com/sport/boxing/351396/tyson-fury-dipping-his-hands-in-petrol-for-five-minutes-a-day-to-toughen-up-knuckles-before-deontay-wilder-rematch/

Leading up to the fight Fury said he will masturbate seven times a day to keep testosterone pumping before sharing the ring with Wilder this month.

“Forget this 2008 financial crisis playbook,” Bair said. “We never focused enough on the real problem in 2008, which was homeowners,” she said, adding that she “loves the idea” of recent proposals that aim to get cash straight into the hands of households who are grappling with shuttered schools, businesses and more.

I have jumped in with both of my feet. I told myself if I ever had an opportunity under 5k I would make sure I have an entire bitcoin. Last of my money for non essentials in and now have about 1.1 bitcoin.
I have 2 alt coins but they are worth less than 500 dollars in total. 6 months after the reward reduction I will just extract 2k dollars for the new opportunities fund. I am expecting this will result in still holding an entire bitcoin which I will hodl for my retirement fund or if it reaches the 500k USD level before I may extract 100k and use it to buy 50k gold and 50k silver.

The thing I really like about bitcoin is that they can will stick to 21 million.  I am no longer worried about my fiat savings eroding now they are invested in other assets. These are high risk to some, but I view the risk to reward far easier to sleep with than the sure loss with no possible upside of accumulating fiat.

I will be watching this thread again because some members predictions had helped me increase my small bitcoin holdings by weaving in and out. I won't sell even .1 before 20k. This I believe will be in around 8 months.

What should you do during a bear market? If you had a long-term investment strategy in place before the markets took a dive, it's time to revisit your plan. Are your goals still the same? Is your retirement still years in the future? If the particulars of your situation haven't changed, this is no time to change your overall investment strategy.

Guys the world is ending!

My brother quit his job a few months back and liquidated his 401k in early February, which turned out to be great timing. He gave me some money to invest in bitcoin for him in early March, which turned out to be awful timing, and I almost feel like its my fault. :/

“It doesn’t surprise me that they are now trying to create mass graves and trying to hide the actual extent of the impact of the disease,” Dr Afkhami, an associate professor at George Washington University, said.
He added that the close trading partnership between Iran and China, and the government’s fear of disrupting that partnership had contributed to the early and rapid spread of the disease.

“What do you say to Americans who are concerned that you’re not taking this seriously enough and that some of your statements don’t match what your health experts are saying?” Acosta asked.
“That’s CNN, fake news,” Trump responded, at which several meeting attendees began snickering. The reporting pool was then dismissed from the room.

The coronavirus has taken a toll on the financial markets; the Dow Jones Industrial Average closed Wednesday 20 percent below its February high, The Wall Street Journal reports, ending its longest bull run. In his speech, Trump touted the U.S. economy, calling it the "greatest ... anywhere in the world, by far," and said he is taking "emergency action" to "provide extra support for American workers, families, and businesses."

That's because everyone else has been panic buying all the toilet rolls.

Uh? What money? There's NO money when EVERYTHING WORLDWIDE goes down.

For those who believe Bitcoin is “digital gold”, data shows the two assets out of sync on the monthly time frame but both Bitcoin and gold are up 9.45% and 8.82% in 2020. This suggests that regardless of the fact that Bitcoin price has dropped by 14.85% since March 7, some traders still view the asset as a hedge against volatility.

Unsurprisingly, staunch Bitcoin critic Peter Schiff seems to believe otherwise and he capitalized on Bitcoin’s recent poor performance by tweeting:

    “Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”

Still, Moya believes that gold, along with U.S. Treasurys will “remain the favored safe-haven traders as financial markets navigate through rising global recessionary risks, deflationary pressures and falling consumer confidence.”