Ignore the wick. Ignore the noise. As soon as big money thinks the pandemic is over we will continue business as usual. Halving still on schedule. If we close under the green trend line...pray.
I think Covid-19 will have more Damage for Stock Market and Crypto. People now are in survival mode. They cashout bitcoin for food + meds + necessities. Whales have 2 functions now :
1- Saving the rest of funds in bitcoin. ( Unlikely )
2- ( The opposite ) or selling bitcoin to recover their Companies nd career.
I guess Corona will hit more countries as people can't save their *ss without selling their investments for food and stuff. More bloodbath is coming if more corona infections.
*Just an opinion*
Yoeshi
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@traxiko, highly possible but also temporary. Every person selling for that reason broke the cardinal rule, "only invest what you can afford to lose". We've all done it...but I am trying to learn from the past and make sure to scale in, within my means, through out the blood bath.
ezpi
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@Yoeshi, when 80% of humanity is going to get infected by a virus that kills 4% of the people infected --- cardinal rules sortof have to go out the window.
you dont take any $$ with you when you die.
you just become worm food.
also people who are not even at the highest risk, should still be doing whatever they can to derisk the impact it will have on them.
80% of us will be infected with this virus.
good luck.
Yoeshi
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@Efpi, yea it is a reality for sure. Good luck to you as well. Trying not to become hopeless/nihilistic. Certainly stock the pantry and pay your bills before entering in current market conditions.
ezpi
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@Yoeshi, my friend already had covid since last week, and recovered 2 days ago. my daughter and i were in close contact with his wife so we thought we might have caught it too. if we did we havent shown symptoms yet. he was working and travelling allot in east coast / NY.
it was a mild cold for him.
im not worried about it.
this virus is basically a boomer-killer.
people are way overreacting.
however those who have at-risk health issues definitely should be, and the rest of us should be very careful not to spread it.
same to you take care and just excercise, eat/sleep well and prepare yourself for it. youll get over it fast too.
this virus also has a longer than normal after-life which means virus stays in your body after youve developed immunity for it, which means your body will stay immune to this strand longer. potentially a full year.
also there has been no found mutations. so once you beat it youre immune.
id rather get it sooner than later and just get it over with.
1- Saving the rest of funds in bitcoin. ( Unlikely )
2- ( The opposite ) or selling bitcoin to recover their Companies nd career.
I guess Corona will hit more countries as people can't save their *ss without selling their investments for food and stuff. More bloodbath is coming if more corona infections.
*Just an opinion*