Today we discuss the Bitcoin and crypto market flash crash that saw 10% retracements across the board. Investors in every industry seem to be panic selling, and we draw comparisons to the Oil markets which have also experienced their worst shortfalls since 1991. This has all been largely sparked by Coronavirus fears, but has also resulted following tensions between Russia and OPEC nations, as well as pushes by Saudi Arabia for greater market share.

We end the video with an optimistic multi-year price projection for Bitcoin.

References:

https://oilprice.com/
Oil crashes by most since 1991 as Saudi Arabia launches price war
https://www.cnn.com/2020/03/08/investing/oil-prices-crash-opec-russia-saudi-arabia/index.html
Oddgems BTC price prediction:

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24 COMMENTS

  6. yes. sounds like a doom day movie. i have a job and not to worried. I am buying more. been in this since 2017. I have been up and down over the years. there is risk in any investment.

  8. Hard to tell if we bounce back this time. Biblically speaking one day there will be an economic crash that’s going to usher in a one world order / currency.

  9. Crypto volatility is normal, people will not realize that crypto is a safe haven until stocks keep dropping and crypto stabilizes.

  14. Just like most currencies, the price of Bitcoin changes every day. The only difference is that the price of Bitcoin changes on a much greater scale than local currencies.Even though there are multiple other factors which can affect the bitcoin value like the supply and demand, other cryptocurrencies and many other this can be used as a basic model and the rest factors can be manually studied as most of these factors are unpredictable. It can be used to get a fair idea of the prices and where the investments can be made. Bitcoin is still young and many sources says its here to stay. Hence it could be a good idea to invest into the same. It will be helpful so contact My pro-trader as he has help me to increase my bitcoin portfolio over time at telegram +1(323)776-6410 his email is ( Waltertrading10@yahoo. Com)

  17. As Gold sores and BTC dumps, the use case of BTC as a store of value and safe haven has been disproven. Long term I am a believer. But it doesn’t appear that we are there yet.

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