Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?
I don't think the new COVID variant will negatively affect crypto prices on the market. After all, crypto lives in the digital world. It's traded 24/7 across exchanges (unlike stocks). The market may be bearish right now, but that's bound to change soon as Bitcoin attracts investors due to ever-rising Fiat inflation rates. I see the current situation as a big opportunity to grab prominent cryptocurrencies at a discount. Bitcoin is quite a bargain these days, considering that it went to nearly $70k this year. Experts are predicting it'll go to $100k, so buying a few coins now might be the wisest decision you'll ever make. Prices going down shouldn't be much of a concern if you sold coins when the market was bullish. As long as you play your cards right, you'll have nothing to worry about. Just my thoughts
