/biz/ - Business & Finance

>>18102204

Return to normal is what happens after a bubble bursts. Bitcoins bubble has burst due to the ongoing cash squeeze/ncov that will only get worse.. People looking for a genuine return to normal this soon? Come on man, this is delusion.

>>18094981

So I should sell it all now? Selling at $1k just to pay rent/debt would be awful.

Let me guess, all in on Bitcoin and in debt praying for a bull market at the beginning of a year long quarantine with no income stream like everyone else?

'Oh the times were horrid, because of n9-covidd.. First corn crashed to 3.8, then they bought at 6.8..... ..... Ohhhh, 2 days into quarantine, they all went and bought the bean... several months later still the same, the 3.8k levels were there to reclaim..... .... Nobody had income and were in debt, had to sell at 2k and liquidate the asset... This is the story of how to buy high, look at your net worth and say bye-bye.'

>>18051169
Without an income, people will be spending their savings. Most peoples savings are in assets, therefore people will sell their assets.

It's very to buy and hold Bitcoin when you desperately need cash to buy food and other essentials, as your steady paycheck disappears.