Sold 1/6th of my bitcoin a few days ago at about 8800usd - because i believe
- Corona just has started in EU and USA, it will become like Italy / China (more and more cases, quarantines..)
- Meaning bad news at least for the next month
I think the markets already priced that in and are now recovering:
https://bitcointalk.org/index.php?topic=5228206.msg53953044#msg53953044It's expected the pandemic will spread, but the impact is still much smaller than a typical flu season. Big deal! I think we will see a recovery in world markets similar to Q1 2018 or Q1 2019.
But i already feel fomo again.
Cause i think gold and bitcoin will be a good call in recession.
I feel the opposite. Bitcoin wouldn't fare well in a recession. Lucky for both of us, I doubt recession is hitting yet.
I have all my fiat now in buy orders from: 8400usd - 7500 usd
I want to be all in before btc goes over 10k usd
I speculate there will be at least one big drop in stock market and take crypto down a step with it.
Don't wait around forever. Often times that "one last dip" never comes.
I've already been dip buying for the past several days. $8K was possible but now that BTCUSD has formed a daily bullish engulfing, I'm doubtful. We tested support (the 20-week MA) and now broke above resistance (the 200-day MA). I think the bottom is already in.