The Lost Year: Crypto & Equities Crash | An Opportunity or Just the Beginning? - Steemleo Show #22
Today marked another major downturn for both equities and cryptocurrencies. Bitcoin is down over 25% and equities are down over 7% as of this recording.
We are at the beginning of a long-term stay-at-home economy. The potential impact of COVID-19 on businesses, employees, entrepreneurs, investors and everyone else is unknown at this point.
It’s hard to say whether we’re going to see crypto/bitcoin develop as a safe haven asset or if we’ll see it follow the rest of the markets as people panic sell into cash to stave off potential risk.
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In This Episode:
- Bitcoin is too young to be a safe haven from traditional markets
- Potential opportunity to spread your exposure
- Long-term thinking versus short-term thinking
- The lost year
- The economy is propped up on thin air and poor monetary policies
- Staying safe and how I’m approaching this market
Links Mentioned:
- https://www.tradingview.com/chart/?symbol=GEMINI%3ABTCUSD
- https://twitter.com/BW/status/1238076302428475393
- https://twitter.com/crypt0snews/status/1237822131540357120
- https://twitter.com/jimcramer/status/1238089818942341120
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▶️ 3Speak
Th oil plunge broke the dam. You will see oil shale companies go into default, banks that loan those oil companies go into default which will cascade into corporate bonds / high yield / junk bonds go belly up. There will be a relief rally which will give those an opportunity to get out.
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Crazy time to be alive. I'll definitely continue to pick your brain in the Steemleo discord ;)
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Just the beginning 🩸💉
Haha totally agree. A lot of people think this is just a blizzard when we are at the start of a winter season. It will take time, patience and a lot of will to get through this.
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But the end of all things has drawn near. Therefore be sober-minded and be sober unto prayers.(1 Peter 4:7)
Question from the Bible, Does the Bible show any solutions on the current problems of mankind? [Part 1 of 2]
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