Bitcoin up, Stocks down - What's your move?
Bitcoin Bulls Bears
Bitcoin up, Stocks down - What's your move?

By Thomas Wolf | wickedthewolf | 2 Apr 2020


Without a doubt, many of us will continue to HODL.

My stocks are looking less impressive by the minute, for now...  This is not necessarily a bad thing for all and I did expect it.

Bitcoin is up and breached $6,700 moments ago:
CoinbasePro Graph 4-2-20

Moments later, I saw this coming like any other person who has watched the market for longer than a day:
CoinbasePro Graph 4-2-20
Big dip due to a larger cashout/series of cashouts.  Now you'll notice sell orders coming in hot for the new mid market price which tells me we will see some more dumps soon, especially because of the lack of flex on the buyer end.  No one wants to buy in at $7k.  I don't, I earn at any price... I don't invest at any price.

As you can see stocks are down, I don't own many shares as I am a new investor (in stocks) but it's a pretty clear trend of a down market:
Robinhood Snapshot 4-2

My input on this is simple.  When Bitcoin is low, buy Bitcoin.  When stocks are low, buy stocks.

The two were correlating with each other before and it appears that has now ended which means there is always somewhere new to put your money.

I started out with FitBit, GoPro, GM (Chevy, Lincoln), Nissan, Ford (can't wait to sell those), Subaru, a pot company (ACB) and one share I was given for free for joining Robinhood in Limelight Networks.

So, good day for crypto, bad day for stocks - but the new york exchange doesn't open for another hour and a half and that's when things get interesting.

Make good investment decisions and please...stay at home.  I'm doing my part in isolation in order to help prevent the spread of COVID-19, please hold up your end and wash your hands, evenly distribute sanitation products, medicine, and food.

If you have a green thumb, please start planting seeds; our food supply is in trouble.  Money won't matter at a certain point if this gets bad enough; it was always a means to an end for societies.

-Thomas Wolf

 

 

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Thomas Wolf
Thomas Wolf

I blog in an amalgamation of an eclectic and diverse range of topics. 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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