Surprise!
The markets crashed if you weren't aware of a global pandemic while you were afk...
Hygiene and Bitcoin have been on a rocky road as of late and everyone is wondering how long before we see good news regarding these unfortunate events.
(source: twitter @Vis_in_numeris)
The good news is there is actually good news about everything happening! This has caused a lot of insane changes to happen recently such as Bill Gates stepping down from Microsoft for example. Yikes!
The even greater news about this unfortunate situation is I believe we can expect it to be about 60 days before we here anything or know of anything more concrete. Such as we pass our peak outbreak, find a vaccine, or maybe just a slow mixture of such.
As some estimate years and some estimate months. The answer must lie somewhere in between as progress recently has helped markets bottom out. The best thing people can do right now is to just stay home as much as possible!
Now what does that mean for currencies like Bitcoin?
...
Well, one thing is for certain! More uncertainty of course but here is what is believed to be at this moment as well.
Markets everywhere have bottomed out. Bitcoin performed much like Gold in Bitcoin's first-ever world travesty. Which is amazing news for the Crypto community!
Best of all, Bitcoin works from home and is ultra-clean compared to physical money!
In all seriousness, however, Bitcoin is currently at super low buying prices simply because of everyone that didn't HODL like a rockstar through all of this. Sure it would be smart to have locked in some of your losses early on to buy more later.
But the question there remains, have we seen our lows yet for 2020?
It's only March and we have seen our mids, our highs, and now are lows already!
If a 3-month pattern continues of mids highs and then lows there is absolutely nothing to worry about as a hodler.
If this pattern persists over the rest of the year say 9 months. That is 3 more opportunities the rest of this year we are guaranteed to be able to buy and sell at these same prices.
The catch to that theory is that things will never be the same as always!
Markets may trade close to those prices again but they will never be exact. The hope is that as long as a second global catastrophe doesn't occur, you can expect the markets to slowly rise again.
I am hopeful and think my recent predictions still holds or hodls true!
With great confidence I believe that Bitcoin as well as many other Altcoins. Will no doubt beat their old records sometime this year 2020.
Currently, Bitcoin and many other Altcoins like Ethereum, Litecoin, Tezos, and even Chainlink have crashed to some pretty drastic lows.
If you are as confident as I am that mankind will prevail. You will know that Bitcoin will certainly follow!
Thank you tons for reading hodlers!
