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GodjoBTC
Mar 15, 2020 12:23 PM

Virus is spreading, markets are crashing, long Bitcoin! Long

Bitcoin / U.S. dollarBitstamp

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Long term bitcoin outlook

Many much smarter people than me believe that as banks intensify their quantitative easing and rates go to 0, bitcoins case as a new new international monetary system stands stronger than ever.
With futures going in backwardation and derivatives funding rewards longs, we could see bitcoin reaccumulate and bounce strongly towards a brighter future.

Personally I'll be buying spot in levels bellow 5k and start leveraged longs after clear longer term bullish starts forming. Bitcoin reclaiming any previously lost support would be a signal for additional risk managed longs.
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