Can We Overcome This Together?

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(Edited)

Hi Everyone,

Today has been a rollercoaster day for me. WHO announced we are in a pandemic, catching up on the big meeting with some community reps and Justin Sun and now seeing the stock market crash including the crypto market. Checking the charts, BTC has dropped significantly with a price as low as in the 5k area. The world is definitely reacting to the news about the virus, uncertainty of this whole thing, maybe it is best to keep money in the bank/pocket rather than invest it. The Aussie dollar is dropping like crazy, it is the lowest it has been in the last 10 years at 64c against the USD.

I read in a newspaper article today for those invested in shares, keep yourself with a clear mind as it is tempting to sell asap as you see the market drop. It goes the same for crypto markets I presume. You may come out winning if you hold during these downtimes. Can we all go through this together? To combat the virus and at the same time get ourselves to a better position on Steemit holding Steem?

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40 comments
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But the end of all things has drawn near. Therefore be sober-minded and be sober unto prayers.(1 Peter 4:7)

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Wow, this is a surprisingly big drop! Although it may take some time but I think we can overcome it. I'm optimistic :)

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yeah totally big and its still going! hang in there together :)

!engage 20

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And probably see you at the next SteemFest, I wish it takes place this year 😁

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It's really bringing the work to a global recession which is incoming soon enough.
Good thing for those of us on Centrelink in Australia is the $750 stimulus package. Save a bit but buy some things as well. It's getting crazier.

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Unfortunately I don’t get that $750 😥

!engage 20

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At least you can work from home, you're starting that tomorrow right?
I mean the $750 would be helpful for people who work too to spend on buying things, but it's a shame you don't.

Thanks for the engage!

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don't worry, it should work out mid to long term ;)

I made some posts a while ago analyzing the siutation. Might be interesting for you

https://steempeak.com/hive-167922/@tobetada/crypto-analysis-or-btc-and-steem-correction-confirmed-2

https://steempeak.com/hive-167922/@tobetada/what-will-the-crypto-market-do-in-a-global-recession-hive-167922

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Yah probably. Everyone hang on!!

!engage 20

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The entire market is going crazy, not only crypt, our Sensex and NIFTY crashed today too, with hitting the lowest since 2017. Not sure, where it will head !!

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Yah it’s crazy. That drop everywhere may have scared many

!engage 20

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Don’t forget about gold. Even thought gold is down a bit today too it is a tiny percentage compared to bitcoin (yes I own both).

Thinking about you and hoping you are well.

GM

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Oh yes Gold was ok actually. Dropped but not a lot

Hope you are well 😉

!engage 20

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Hi @travelgirl!

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Your UA account score is currently 5.309 which ranks you at #490 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 491).

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