Was March 12th 2020 Bitcoins Final Capitulation?

Was March 12th 2020 Bitcoins Final Capitulation?

Should I invest in stocks right now? | Lion Den Products

Very recently last month, on March 12th, 2020, Bitcoin had a dip down below the $4,000 level.  Was this bitcoin’s final capitulation of the year?

I’ve written in previous articles that the best times to enter and exit any market is during times of extreme volatility, or times of extreme fear and greed.

We have just seen an extreme time of fear in the Bitcoin market.  Everyone was dumping Bitcoin as the major stock market indexes, the Dow Jones and S&P 500, were crashing as well.

I definitely did not see that major dump coming, but in times of crises like we are currently in, it does not surprise me.

Why Did Bitcoin’s Price Crash in March 2020?

What people tend to do in “panics” like this is sell everything.  Then, when calmer heads prevail, they creep back into markets where they feel safe.

That market is currently Bitcoin.  Or, atleast, it should be.  I will tell you why in a moment…

Let’s also not forget that Bitcoin is about to have its “halving” event in about a month from this writing…sometime in May 2020.

The Bitcoin halving event is when the mining reward for Bitcoin is cut in half. The current reward is 12.5 coins. In May 2020 or thereabouts, this reward will be cut to 6.25 coins. (See Bitcoin Halving News)

This reminds me of another boondoggle event that took place very recently. 

The Federal Reserve, which is a private banking cartel, has lowered interest rates to 0% and has stated that they will print money into “infinity”. 

This money printing is being called “Qualitative Easing”, or QE-Infinity. 

Since we’ve already had QE1, 2 and 3 from 2008…this one has no end in sight.

This is also an unprecedented event that will surely have a steep price to the US economy over the long term. 

Over the short term, this action by the Federal Reserve is supposed to prop up credit markets and the stock market, and it normally does just that.

The question becomes:

How much money printing is enough before the world loses confidence in the US Dollar?

Actually, there are many such questions which the Fed does not seem to care about. They will just print until there is another crisis event or the dollar is printed out of existence and replaced with something else.

These are dollars that everyone else works hard for. 

Yet, this entity comes along and prints as much as they want, whenever they want, give it all to their friends in high places and the American taxpayer is the one who ends up paying for all this hubris.

Should it be any surprise that the proverbial “shit” will hit the fan at some point?

Bitcoin, on the other hand, cannot be printed the way governments print paper money.  Bitcoin, or BTC, has its own standards of account and has a fixed supply to begin with. 

That supply is only 21 Million coins for the whole world!

I believe this last possible bitcoin capitulation for the year 2020 was quite possibly the biggest buying opportunity we’ve seen since December 2018, when the price of Bitcoin was about $3100.

Even many bearish commentators on Bitcoin have changed direction and now believe that the final bottom is in. 

This means there is no where to go but up for Bitcoin, especially considering all the newly printed dollars that will be floating around out there.

This does not mean that Bitcoin will go straight up. No! Bitcoin will climb a rocky ladder of worry, but the direction will nevertheless be upwards!

Bitcoin’s Department of Defense to the Rescue

I love this quote from an Off the Chain article:

Bitcoin is the first world currency that is (1) not backed by a nation-state and (2) has the ability to withstand any and all attacks by every nation-state in the world. Quite literally, the “defense first” approach to Bitcoin’s design is likely to have led us to a world where currency dominance shifts from military/economic/cyber superiority to anti-fragile superiority.

Bitcoin’s Department of Defense has no bullets, no bombs, no ships, no fighter jets, and no soldiers. It has thousands of volunteers and millions of computers around the world that are cooperating to ensure there is no single point of failure.

The world is changing quickly. Nation-states are behind the curve. And Bitcoin is the sleeping giant that is well-positioned to be the first currency to achieve global reserve status without ever having to engage in conflict.

(Read the full article at: Bitcoins Dept of Defense: The Case for a Global Reserve Currency With No Guns)

Even a small amount of this true digital world currency, called Bitcoin, could someday place you within the world’s top 1% of the financial elite.

I currently buy Bitcoin and Litecoin using Binance.US ==> http://mikejanthony.com/binance


Disclaimer: This article is not intended to be financial advice and I am not a financial advisor. This article is for entertainment and/or informational purposes only and expresses my opinions only.  Please consult a professional financial advisor for financial advice.

Spread the love

Leave a Reply