The Whole Stock and Crypto Market is Red – 7 Key Takeaways

1. The markets have seen significant declines, raising concerns of a potential recession. Key data in the coming days will show if this is just a correction or the start of a broader downturn.
2. Currently, Bitcoin is highly correlated with risk-on assets and also fell. However, in the long-run it may establish itself as a “safe haven” asset like gold.
3. Dollar cost averaging and long-term investing are still advisable even in difficult periods. Short-term market timing can be hard to predict.
4. Many altcoins are riskier speculations with no clear utility. Ethereum has more potential but remains speculative.
5. The Fed will likely continue cutting rates, indirectly meaning more money supply and liquidity – bullish for Bitcoin.
6. In crises, many initially flee to “cash” but the money printer long-term should continue giving Bitcoin upside.
7. One should remove emotions from investments and be able to withstand difficult phases if they believe in the long-term thesis.

More about what happened you can read in our articles here and here.