Right now BTC/Crypto seems to be acting like a 'fast cash' ATM machine to fill up your emergency fund due to the CoronaVirus.
With the drop today (Sunday 2/8/20) I suspect that at least for now, BTC/Crypto is acting as a precursor to what the Stock Market is going to do
on Monday and this week. I'd be preparing for an 'epic' dump there again. But again, what are you gonna dump first in a crisis? Stocks? Have
to deal with broker, who will try to talk you out of it. Gold? If in a developing country have to dig that out from under the house. Bitcoin..easy
peasy to dump that to get the old emergency fund filled up due to this black swan event coronavirus pandemic.
Real-World-Issues-Suck for Everything now. Stocks/BTC/Crypto/Bonds/everything has frigging tanked and will probably continue to do so in waves
as people see that this is THE FRIGGING FLU and likely MOST of us will get it. But it will not be all at once and likely will take 1.5 to 2 weeks to
recover from to go back to work. This could stretch out well into June/July!
Then, IMHO, when such has passed and the recovery is supposed to happen, the other mismanagement of assets by the powers that be and in the USA
the Trump Administration etc will then become apparent and this latter situation is why I'm still in HODL mode. This is a pandemic crisis is simply a black
swan event IMHO over the real world mismanagement of economies worldwide..which will reach a frigging head... sometimes when people look at facts of such
after this pandemic and the supposed restart of the economy and find out that NOPE..that ain't really gonna float well either.
Anyway, why I HODL and still on plan B route and accumulating BTC/Crypto......there is the 2nd act after this pandemic passes...and there is still a lot of blood
to be spilt..when folk look about and go whew! Onward and upward and find the ladder to such much steeper when re-evaluating after this pandemic.
ugly, ugly, ugly for everyone for probably the rest of the year. Indeed this could wipe out any gains at all from halving (pandemic) and cause a 90%
miner capitulation. So I'm gonna treat it, for now, like the crash of 2013-2014 from $1,000 BTC to $250 BTC or some such and accumulate and HODL.
If I'm wrong and BTC/Crypto is just a 'speculative endeavor" like stockmarket etc and not a 'store of value' well ...' supposedly' it will still come back
via adoption and use along with such things as the stock market at least someday ..worse case. Anyway, my view (whim) so far.
Bloody Frigging Sunday Indeed!
Poll
