RE: Bitcoin [BTC] - Update 16/04/2018

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Bitcoin [BTC] - Update 16/04/2018

in bitcoin •  7 years ago 

Starting to buy (layering in) the dips because more likely than not sentiment is turning. Only thing I’m afraid of as a bitcoin bull is the upcoming economic downturn. Cryptos haven’t been tested during a risk off environment.

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Well done. I also thought about that scenario of an economic downturn. But I think that bitcoin could be a good opportunity to park free capital from a downturning stock market. Like a virtual gold.

It could prove to be resilient, only time will tell. It is after all a millennial store of wealth (virtual gold) and millennials have experienced the Great Recession and been fear tested.