Bitcoin fell some days ago and many were of the opinion that, there's no need to hold the said cryptocurrency because it was not able to stand against the coronavirus epidemy. During the crash, the percentage of the fall was more on Bitcoin than the fiats(stocks), but reasons be that, The US Fed injected into the crashed market $168bn which in percentage is more than the current investment on Bitcoin. Possibly, this was the major reason while the fall was more on Bitcoin.
It may sound crazy, but I think it takes $700bn to over a $1tn to stabilize the markets. The last few weeks are a prime example of why digital assets, namely Bitcoin, have a place in the global markets.
Bill Herrmann. No doubt that Bitcoin is a Safe Haven and not what others speculated about it being weakest during the crash.
Do you still insist that Bitcoin isn't a Safe Haven?
Simple answer to this simple question, do you want change of the current financial system? Do you invest based on the technology the is written on the white paper? Or, are you here because of fiat gains?
The Debt problem now is creating more children slaves in the future. To win against it, hodling bitcoin means fighting banks! Bitcoin is created to fight banks and not an investment scheme. Changing our mindset today will free our children tomorrow. Think about it.
I know we deal on the present and lived happily with big gains but is that really your sole purpose on coming out on earth? There are a lot of things money can't buy. Time is more valuable than anything else, so why not share your time to make an impact of how to shape the future for good. The time to ACT is NOW! Don't waste time on your selfish mindset. Be Open Minded and let us all be free.