Tim Van Steen
Netherlands
Update: Recent market crash As we all have noticed, markets all over the world have crashed impulsively after fundamental data, mainly related to the yen carry trade interest change, the profit taking of big stocks/funds and more. This always effects the portfolio but fluctuations are normal. As a matter of fact, this gives new opportunities as well. Especially for BTC and healthy good stocks that were near all time high. Why is this? Let's start with stocks first: the global stock market was trading relatively high, resulting in an unfavorable entry price for new investors. Because of this correction, we get discount prices in all kind of stocks that normally would never have been that cheap without the crash. More stocks enter the 'buy' zone and the ask increases. This results in a continuation swing higher. Then second, Bitcoin, an anti inflation, banking stystem/interest asset, collapsing after a fiat currency setback. Crypto should be a safe haven in case money devaluates, a bank messes up or anything related to that. This might be a good price to get in as upside potential is still great. To end this update with a market outlook/conclusion: Don't panic, don't stress and calmly analyse the facts. In my opinion, we are still looking optimistic and there is no black swan event coming (yet). Thank you for following me and have a great day!
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