Marc De Mesel: Reinvesting My 30% Fiat On Small Correction

  • Sunday, 03 May 2020 18:18
Think stock market giving back half the gains since bottom is probable to happen considering previous crashes like 1987, that also took place during strong bull market, took 1 year to break ATH, while we already went halfway in just 1 month, a bit too quick. Yes, likely economic and social activity, like we see in China already, will also see strong uptick in West within 1 month already, but the damage done to businesses due to an almost complete shutdown of the economy will become clear too, causing likely continued high volatility. Think it is very important thou to invest all my fiat on a relative small correction and not wait as I don't think a new low, and even a double bottom is likely, as we are only 10 years into the bull market that will likely last 30 years before stocks go sideways again for 10 years and we have corrections again like 2008 and 2001, until then recessions will likely be short lived, just like they were short during last bull cycle from 1980 till 2000, or the bull cycle before from 1933 till 1970. Innovators like Tesla in autos, Illumina in medical market and Crypto in currencies, all benefit greatly from a crises thanks to people becoming more selective and leaving the established old players and habits behind at faster pace. Links: Stay at Home with Cathie Wood VI | ARK Invest https://www.youtube.com/watch?v=4iZBPIPRlLw

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.