Re: Recessions make stores of value pump. Bitcoin dumped and that's alarming
https://chainbulletin.com/global-recession-indicators-send-the-crypto-market-in-freefall/
How do we explain the fact that news of the upcoming crisis made bitcoin drop unlike other store of value?
Was it some hacker dumping tons like last time?
Or it BTC simply not considered a SoV by the general public.
If it is not, how do we convince them that it is? Do we change our approach?
How do we explain the fact that news of the upcoming crisis made bitcoin drop unlike other store of value?
Was it some hacker dumping tons like last time?
Or it BTC simply not considered a SoV by the general public.
If it is not, how do we convince them that it is? Do we change our approach?
Relax already, jesus.....
Bitcoin is volatile, and it's gonna pump and dump like this, until all alts have been sold at the absolute bottom. Whales are making people scared of altcoins, only to get a good entry point, when they decide to turn the market around and pump altcoins.
The market moves in cycles, a high BTC dominance means you should diverisfy in ALTS, and a low BTC dominance means go all in BTC (or any stable coin)
I'm moving a few BTC into alts currently, and while some of you probably believe I'm an idiot for doing so, I don't care. I bought some ADA at 400 sats, and I'm already up on my investment. Expect it to go down there again, so if it falls too much, I've got my stop loss set.
I'm also buying up a great deal of XSN - Low cap project who's making the first Lightning DEX, Lightning Multi Currency Wallet, and their own hardware wallet. Huge deal, as anyone who've dealt with large sums of crypto transactions know how much you're paying in fees, and the transaction time is horrendous. Lightning solves it all, and Stakenet has put it in a place making it completely decentralized, by making their eco-system of masternodes act as lightning channels, and service providers.
Anyway, you gotta relax, it's just the big whales playing around with your emotions
