Hello Fellow Cryptonians,
Following the recent havoc caused by rioters in the Capitol, Crypto world remains unfazed with the ever-increasing popularity of Crypto namely Bitcoin, Ethereum, Hive, and many more that is worth mentioning (Comment in the comment section).
Although it is sad and remain as one of the historic moments in the United States, one fact remains, what of crypto, and will the real-world events such as the Inauguration of ol' Joe and the Covid-19 Pandemic panic will affect the price of crypto worldwide? Spoilers, it does. The question, by how much.
For the past 2 months, Bitcoin price rallied to a point of no return, with many hope that it does not crash. Let's not jinx it here for the sake of you many hodlers. The purpose of this writing is to mention the obvious, is it a good time to buy and hodl or to sell and invest the money in gold (or some sort of other commodities such as the stock market and indexes). I will not go into depth with this since I am no expert in it.
It is a good time to mention this question to determine your next move, in this case, most probably for some of you. Following the events that are currently happening and what's to come, it is a good idea to "Prepare an Umbrella before it Rains". In my own little world of an opinion, I am most scared of the Dot-com Bubble burst, since it has not happened yet. One could say, anytime now.
Consulting my own private financial advisor, whom I work closely with says that to survive in any financial storm, one has to understand how to allocate many eggs in different baskets. With that out of the way, the next step is to organize the many eggs so that it can be profitable, even in the worst economic downturn.
P/S: This article is not written to be financial or cryptocurrency advice. Do your own due diligence and research before deciding anything financially.
Signing Off,
CryptoLuke
