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Re: Scotttrader80 post# 21573

Tuesday, 03/24/2020 5:19:08 PM

Tuesday, March 24, 2020 5:19:08 PM

Post# of 26491
I don't know, maybe the recent flash crash to $2,800 was the bottom. With the current FED multi trillions stimulus plan, maybe we could see this skyrocket to $100,000+ due to inflation.

I myself am having a hard time reconciling the FED's astronomical stumulus plan with BTC going down to $1,277 USD. OR maybe the FED's massive stock market purchase plan will divert investments from Bitcoin back into stocks to the point of tanking Bitcoin. I don't know. They say, don't bet against the FED. Is a bet on Bitcoin a bet against the FED ?

It will depend if investors want to hedge against inflation or reach for yield. I am reaching for yield at the present moment.

But, everytime I questionned my crystal ball, I always lost. It has always proven right to date. I am afraid I would miss the moonshot but I will wait and see if my crystal ball was right. After all, I am out of fresh capital to inject in Bitcoin. Unless I sell some of my stock holdings to reinvest in Bitcoin. I could sell my RWLK holding to buy one bitcoin but my crystal ball also said that RWLK will go as high as $7.46 USD/SHR.

It would be best if I made a profit at the stock market soon so that I can position myself for Bitcoin.

Quote:
I knew since late June 2018 that Bitcoin will go as low as $1,277.00


Looks like that crystal ball is a little cloudy since $1277.00 is yet to happen almost TWO years later

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