Bitcoin is Back From The Dead
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Bitcoin is Back From The Dead

By Thomas Wolf | wickedthewolf | 24 Mar 2020


It never really died... :P

This morning sets a great foundation for future weeks to come within the crypto market.  Bitcoin is up and looking bullish and as per usual altcoins are quick to follow.  I'm currently invested in BTC, BAT and XLM and I have no regrets!

Bitcoin CBPro Graph
Here we see a fairly steady mid-market price at $6,700 which nearly touched $6,800.

I agree with what another person said about the potential for another large drop in relation to USD fiat and the current sensus discussion but for those that HODL this isn't an issue.  I did notice my financial aid went up over $2,000 for next semester last night in my latest award data which is a little unusual as I already get more than most people.

This may be a hint that the federal government is planning on a variety of relief funding payouts related to the coronavirus pandemic that are not all being discussed in the media.  My state is now on lockdown with a "stay inside" public order and order to shut down all "non-essential" businesses.  The economy is going to take a hit and they will print a bunch of fiat as they always do; how the global market will react and how bitcoin will respond to the global market is up for debate.

If it does drop, I'll invest what I can and wait again.  I can cash out now and make my money back, but I am looking at this number and thinking "Really good start, but not even close yet".  I am a big fan of making more money because other people get scared and cash out too soon which is what happens every time we see a nice rise like this; it's weeding out a portion of the instability causing low prices.

The margin still has a very large spread before the market is anywhere near the level it was at before the crash.  This very well may be money making time for some of us...

Even with BTC up over 15% we are just getting started.

-Thomas Wolf

 

 

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Thomas Wolf
Thomas Wolf

I am a cryptocurrency advocate, a STEM undergraduate student, a nature enthusiast, a survivalist, a DIY specialist, and I'm a little crazy at times.


wickedthewolf
wickedthewolf

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