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BREAKDOWN: 6 Good Reasons for Bitcoin HODLers to Stay Calm

Author
CoinDesk
Published
Thu 12 Mar 2020
Episode Link
None

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:

It’s not just bitcoin 

Correlation means infiltration

Peak fear 

Asia on the upswing 

Buy order behavior 

Bitcoin’s been dead before  

And a bonus: this environment is exactly what bitcoin was built for

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