Post
Topic
Board Economics
Re: If bitcoin is made for times like these why is everyone selling at a time like..
by
moonblocks
on 14/04/2020, 16:11:18 UTC
If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.  
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Bitcoin is considered by most professional analysts to be a risk-on asset with a high degree of volatility, so when the global markets tank likely so will any new emerging assets no matter how uncorrelated they can be from other major traditional options like Gold, Diamonds, Oil etc. so multiply the risk factor by 10 and you'll have most institutions running for the hills, however, these times might just see new interest if this asset does stay afloat and may have more upside potential for it than downside so let the next couple of weeks ride out before taking shorts out all over the place Tongue