03-16-2020, 08:29 PM
(03-16-2020, 04:55 PM)Olly Wrote:Bitcoin is in a scary place right now, if we can survive the virus crisis then I believe we might still see a new ATH but so far bitcoin has failed the massive test (that being it not reacting like the stock market and being able to survive through economic pressure like this) as well as liquidity being so low that price manipulation is incredibly easy currently.
Bitcoin almost went sub $1000 the other day.
We've broken one of the main trends people have followed to stay bullish (that being the monthly curve) but we will see, I still believe in the coin but we just have to pray we get through this
bitcoin is not a recession hedge, it is an inflation hedge. when people need to raise $ they will sell assets just like gold in 2008. we will get through this b/c the fed is engaging in unprecedented QE and will do so over the next months, that is the bullish case.
Don't Let The Bankers Steal Your ₿itcoin.
Don't Let The Bankers Steal Your ₿itcoin.
Don't Let The Bankers Steal Your ₿itcoin.
Don't Let The Bankers Steal Your ₿itcoin.
