The way I see it, there are only two ways for this to go that make it worth while for anyone to any great extent. To the floor, or through the ceiling. I say we blow the roof off the place! I refuse to cash in my tokens and call it a day; I'm here to ride things out.
Unfortunately, Bitcoin is having a rough morning - hopefully we can turn that around. Sometimes the price of knowing if you will succeed is to fail, but the only sure thing is that those who never win are those who never play.
We just saw a dive in the Bitcoin market below 9k at $8,945 and is currently holding at $9,100:
Corporations are now considering leaving the NASDAQ to improve their credibility on the global market due to the U.S. having a failing economy with China as a #1 competitor. Our current chumpident's stance is to impose sanctions on them to further increase international tensions and drive up prices. Gas has tripled since the drop.
I think it's safe to say that we are starting to see the beginning of the end for the U.S. economy. All of that fake money is starting to show its face in various areas of global and national finance.
At worst, this is a good time to buy back in under a 5%+ loss margin, even for flipping purposes.
I've noticed altcoins lag behind Bitcoin as they correlate so if you missed the window with Bitcoin you very well may still have time with Ethereum, BAT, XLM, XTZ, and so on - they remain extremely solid investments at this point, depending on the token - most recently I have come to love Tezos, though I highly doubt BAT is going anywhere either.
I believe if Bitcoin fails that is when we will see a transition to all the major altcoins at an extremely fast rate, and with current instability combined with extremely steep Bitcoin transaction fees and low mining performance, it's a tricky time.
I hope Bitcoin is able to make a full recovery and I have faith it will, I am HODL'ing my tokens the same way I hold my ground.
It's about time we start to see the full impact of COVID-19 and failing economies. I've been waiting for a long time to reach a level this critical. I hope everyone is taking care of their health and making smart decisions with their investments. I plan to do some DIY articles on things that may help people on a tight budget.
Stay safe, support your crypto, and love your people.
I'll update my HODL articles tomorrow morning; I've completely recovered from any losses and then some.
Comments are always welcome!
Copyrights for the "Hell or High Water" movie image go to CBS Films, Sidney Kimmel Entertainment, MWM Studios, Film 44, and LBI Productions.
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My Tezos (XTZ) "Coinbase Staking" Experiment Article
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