The Lost Year: Crypto & Equities Crash | An Opportunity or Just the Beginning? - Steemleo Show #22

in #hive-1679227 months ago

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Today marked another major downturn for both equities and cryptocurrencies. Bitcoin is down over 25% and equities are down over 7% as of this recording.

We are at the beginning of a long-term stay-at-home economy. The potential impact of COVID-19 on businesses, employees, entrepreneurs, investors and everyone else is unknown at this point.

It’s hard to say whether we’re going to see crypto/bitcoin develop as a safe haven asset or if we’ll see it follow the rest of the markets as people panic sell into cash to stave off potential risk.

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In This Episode:

  • Bitcoin is too young to be a safe haven from traditional markets
  • Potential opportunity to spread your exposure
  • Long-term thinking versus short-term thinking
  • The lost year
  • The economy is propped up on thin air and poor monetary policies
  • Staying safe and how I’m approaching this market

Links Mentioned:

  • Our Community is an online community for crypto & financial content creators, powered by Steem and the LEO token economy.

    ▶️ 3Speak


    Th oil plunge broke the dam. You will see oil shale companies go into default, banks that loan those oil companies go into default which will cascade into corporate bonds / high yield / junk bonds go belly up. There will be a relief rally which will give those an opportunity to get out.

    Posted via Steemleo

    Crazy time to be alive. I'll definitely continue to pick your brain in the Steemleo discord ;)

    Posted via Steemleo

    Just the beginning 🩸💉

    Haha totally agree. A lot of people think this is just a blizzard when we are at the start of a winter season. It will take time, patience and a lot of will to get through this.

    Posted via Steemleo

     7 months ago Reveal Comment