RE: WHAT is going on?
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We have a credit crunch. Many institutions and people need cash (flight to safety). Because of the deteriorating economic situation companies will make less cash flow. So they need cash to be able to make payments (for bonds or other debt, salaries, etc.)
Within crypto there's a flight to BTC (safest form of crypto).
Stock owners sell their stocks to get cash. Within fiat, there's a flight towards the USD (the safest fiat money).
That's my view of the situation.
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Yup, this is my interpretation of the situation as well. If you ask me, it's a good chance for some nice trades, but I didn't want to refer to anything of this sort as my posts are not to be considered investment advice.
I don't give advice, too.
I'd expect a further consolidation towards BTC over the coming 2-3 months (market dominance >70%). But I won't trade. I just sit and observe while I continue to accumulate BTC and perhaps a small amount of steems.
Solid plan, and certainly the best move. It's always good to sell when they're buying, and buy when they're selling.