Quote from: mindrust on March 13, 2020, 08:14:21 AM

Quote from: Wekkel on March 13, 2020, 08:10:23 AM

Quote from: Majormax on March 13, 2020, 08:01:17 AM

Now lets hear the bull case.

Bitcoin is still Bitcoin. Nothing that makes it a valuable experiment has changed. Perhaps speculators got bit but thats all part of the (speculation) game. If speculation would be Bitcoins purpose, the smash down would be bad. But Bitcoins game is totally something else (yes, it really is).

To me, the smash down may lengthen the path but does not hurt the experiment. Especially if the COV19 crisis leads to another round of again more crazy monetary experiments.

So nothing has changed, and the entry price just got lowered.

Solid arguments.

I never doubted Bitcoin.

Global recession and my latest panic buys fucked with my state of mind.

When everything gets resolved it may go back to 9k in no time.

Hopefully yes.

The correlation of this move with other assets looks omninous, but it is early days, and this market turmoil may have another chapter coming up.

Only thing to do is wait for the smoke to clear and then take a look in the rear-view mirror.