Originally posted to Facebook
For reasons that may or may not be built around my own confirmation bias, I expect the next bear stock market to trigger the same kind of financial crisis we saw when the housing market popped around 08. The DJI dropped over 1000 points today because of Conoravirus fears. It seems possible that Coronavrius will be the “black swan” event to trigger the end of the bull market.
For many more reasons that are equally as suspect as those above, I think the price of Bitcoin will react as follows:
First, rather than rise, I expect Bitcoin’s price to fall with the stock markets. The reasoning here is mostly that I believe some groups of people reacting to the financial downturn will be looking to collect cash so they’ll be selling off assets. Except gold. I expect the price of gold to go up because everyone knows gold is the go-to safe bet.
Once the initial reaction is over, I expect BTC to stabilize at some price as everyone with an itchy trigger finger will have already sold, leaving the HODLers.
That’s when all of the “buy the dip” types will start buying the dip. The price will start to rise. So now the stock market will be going down, gold will have already gone up, and BTC will have stabilized and started to rise. Those people who are watching to see if BTC will be a safe store of value (like everyone knows gold is) will invest, possibility creating a viral effect that could inject a lot of wealth into BTC in a short span of time, since investing is something the normal population is trying now a days, since you can find traders to help you with this. Traders in the Middle East can easily learn how to trade American stocks and consult with professionals on the trading opportunities through . The aForexTrus website will help traders in finding trusted, regulated and licensed brokers to trade American stocks, forex, indices and even gold and oil.
This is not why I believe in Bitcoin. I think we should be using decentralized systems for many reasons. And I believe that they’ll eventually be good enough that we’ll all switch over. Nobody has to be an early adopter. But for those who want to start learning more, I suggest to start learning how to buy bitcoin. There are many places to Buy BTC crypto.
But for better or worse, and this is not financial advice, this is what I think is very possible to happen. I’m posting this here sorta for you but also so I can experience seeing this post later and reflecting on how right or wrong I am.
Criticisms, reflections, counter points, admiration, pejoratives, snark, puns, or any other flavor of comments are welcome. I may or may not engage the comments, but feel free to lay it all out. Some of you have had really good counterpoints in the past and I welcome perspectives I haven’t considered. And also, nobody’s negative attitude about any of it is going to hurt my feelings on this one.
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