Tough day in the markets… all the exchanges are down about 3% across the board.
Cryptos aren’t faring much better with BTC down over 6% and ETH down 9%.
So what’s going on?
It’s not necessarily a crypto thing, that’s for sure.
First, we got the yield curve inverting.
What does that mean? Basically, you earn better interest on a 2-year bond now than a 10-year bond. Doesn’t make any sense as you should get paid more for the time.
Then there’s the Hong Kong anti-extradition bill protests.
The Chinese Army is amassing troops at the border.
This could literally end in blood.
And there’s still fears of a global recession.
Add it all up and people are selling now and asking questions later.
As for BTC, it’s uncorrelated to any other asset. And it’s better than gold. So…
Buy BTC !!!
Use my referral link to buy Bitcoin, Ethereum, and Litecoin at:
I think now is the best time to buy STEEM
Posted using Partiko Android
Congratulations @g-dubs! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!