Not an investment advice. This is an opinion.
I have just bought a very tiny bit of BAT + BTC. I am not sure if this free fall is going to continue. I am not sure how long this blood bath is going to go on. What I do know is this: this is TEMPORARY.
Here is why I think it is Temporary:
- Wuhan, the epicenter of this pandemic, has started to record very low (from 1000s to 10s) number of new instances (due to the quarantine, possibly)
- Israel is on the verge of declaring 'vaccine' for Corona in the coming weeks
- For those that are infected, it might actually pass without complications, in fact 80% of peopel will experience MILD impact
- Seattle woman who was infected says "don't panic"
- More and more people are self-quarantined, and that's a good thing
- Summer is around the corner - according to some theories, hot weather should help in the curbing efforts of the virus
Those are few of the reasons why I think this is Temporary...however, the reason I am buying some BAT/BTC is to help alleviate the impact of free fall.
You might think - what is one person's $100 or $200 going to do to the market? Well - if a million crypto lovers throw in $10 or $100 or $1000 depending on what they can - how does that going to change the 'course' of this free fall?
And, when (not IF) market turns around - what we give to the space might come back multi-fold, if it does - awesome, if not, we would have at least avoided a further dissemination of the market.
As I said, use this time only to buy what you have always wanted to buy and probably play small (that's not an advice, that is what I am doing) so that you don't add 'crash panic' to the 'corona panic'.
Stay safe. Play safe. See you on the other side of this crypto winter soon!