BREAKDOWN: 6 Good Reasons for Bitcoin HODLers to Stay Calm

BREAKDOWN: 6 Good Reasons for Bitcoin HODLers to Stay Calm

By CoinDesk

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 infiltrationPeak 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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