Anybody going to sell into this little pump? I see the stock market continues to bleed and worst case is we see a real massive dump coming. I dont know much about the stock markets. But it feels very different this time. Because the stock market pump after the covid crash was massive.
The stock market is already sort of pricing in tomorrows expected action... but in reality I think the worst is yet to come (big time) if the FED does indeed raise rates. And unfortunately a LOT of investors still see Bitcoin as a "tech stock". So if we get the stockpocalypse then Bitcoin is likely to suffer as well... Just like 3/20. But in reality that is an incorrect take on the part of the market that does not realize that BTC actually represents safety in times like this. Not matured to that point, I am afraid. This is the main drive for another leg down, and then a lower low which would be a pivotal, and sad thing for us...
Interestingly in my opinion the greater risk to Bitcoin would be a mixed blessing... and that would be governments against the west saying they will use BTC instead of the dollar at the beginning of conflict. But all arrows point away from that interestingly... With China and Russia at least acting like they want to ban it.
The thing I am most worried about is more geopolitical, but would have serious BTC implications.
1. Demoralize western democracies for 2 years during virus lockdowns.
2. Divide their people against each other.
3. Begin to take away freedoms further demoralizing free countries.
4. Cut off essential chemicals like UREA (fertilizer and Diesel exhaust fluid hurts food production and commerce)
5. Choke trade routes and cause "congestion" at ports
6. Over run their borders with immigration they cannot support.
7. Then crash Western economies on cue by raising interest rates... and delivering a death blow to the bubblicious markets.
Then what do you think they will do? After weakening the free world and driving them mentally, economically, and materially to the breaking point.
War.
I hope I am wrong. But if this happens do not make the mistake of thinking the war began in 2022.
Also I am very grateful to live in a republic, and more specifically in one of the USA's states that has worked hard to keep it's ports open, it's borders closed, has encouraged bitcoin miners to come, has had more sensible virus policy, and will most likely remain on the right side as the divided nation comes under further attack.
What all this could do to Bitcoin? Good grief. That's a hard nut to crack really. War does all kinds of surprising things that don't always make sense.
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