The Breakdown

6 Good Reasons for Bitcoiners to Keep Calm and HODL On


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The Coronavirus got really extra real today for markets. A two and a half week selloff was tipped to the next level by a major ratcheting up of action from the US government (which still seemed clearly to be not enough to calm markets). 

In bitcoin, this meant a drop from around $8000 yesterday to under $6000 today - a head-spinning dump, especially for those who are more recent to crypto. 

Still, in this episode, @NLW argues that there are 7 good reasons to keep calm and HODL on:

  1. It’s not just bitcoin 
  2. Correlation means infiltration
  3. Peak fear 
  4. Asia on the upswing 
  5. Buy order behavior 
  6. Bitcoin’s been dead before  
  7. And a bonus: this environment is exactly what bitcoin was built for
...more
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