Like the honey badger, bitcoin just don't care...
Sure, risky assets are taking it on the chin today, bitcoin included, but in the medium to longer term, it really doesn't matter.
Since bitcoin was created it has only done one thing...
It's only gone from the lower left to the upper right:
(Source: https://en.wikipedia.org/wiki/History_of_bitcoin)
There are dips along the way of course, but the overall trend continues to be higher.
That is nice and all, but how does that help me right now?
I'm glad you asked!
That means don't freak out if you suddenly find yourself down on your bitcoin purchase.
The overall trend says that over time you will make money, no matter where you bought.
Historically, bitcoin has never not made a new high, let that sink in for a bit...
Anyways, with stocks selling off due to a lack of new stimulus and no new stimulus right around the corner, we may see the selloff go just a bit deeper than it already is.
Though keep in mind that MSTR likely defends the $9,800 area should we get back down to those levels.
However, we have already seen how this story plays out...
The stock markets freak out and once they get low enough the FED and Congress act, injecting fresh new liquidity into the markets to prop them right back up.
That means each and every one of these dips represents a great buying opportunity.
I suspect we already 2/3rds of the way through the current dip, if we get just another week or so if this type of price action emergency liquidity measures will come flying out from governments globally...
Watch.
Stay informed my friends.
Image Source:
https://hugelol.com/lol/673618
-Doc