Recently I wrote about how the correlation between stocks and crypto failed, which made for better investments in one market or the other. I retract that statement at this time due to recent developments which are illustrated below. My concern is that with a crippled set of markets and weakened USD value, our fiat will become irrelevant or worthless on global markets.
Unfortunately, something has happened:
Not only are the markets back to correlating, they are both in a dive. I expected this and I predict we will see a spike around April 9-14 and then another drop before a long recovery to a happy set of markets. Hopefully, not too long!
I still say it's not a good time to buy Bitcoin (never a bad time to earn though!); the margins haven't dropped nearly enough after the recent spike over $7,000. My focus is on the most realistic returns in altcoins at this moment. That and Nissan for stocks which is down almost 11%; Nissan makes great cars, I have a Sentra and I wish it was worth rebuilding vs. repairing my new Ford. Don't buy Fords; if you want a good foreign car, buy a Nissan or a Subaru. A modern Ford is nothing but a Honda assembled in an area of Michigan where the water has been undrinkable for ages.
I am now more cautious of stocks as my investments are now losing money (for now) but I will point out the fact that many stocks are in a crippled state which makes them good investment opportunities if you intend to weather the storm with COVID-19 and Trump like myself. Stocks are usually not as volatile as crypto; but as I have always told people volatility is what makes a market most profitable.
Temporary instability could lead to great investment opportunities, though it is a sad day for investors unless they cashed out happily at $7k, which I generally doubt because my partial-cashout at $6,900 left me with some mild regret - but a paid off a credit card!
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Good luck guys, these are trying times. Remember what you stand for and please, please, please help stop the spread of COVID-19.
-Thomas Wolf
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