From today’s buy order activity to bitcoin’s historic ability to bounce back after being pronounced dead, a few calming notes in a day of chaos.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

The coronavirus got really extra real today for markets. A two and a half week sell-off was tipped to the next level by a major ratcheting up of action from the U.S. government (which still seemed clearly to be not enough to calm markets). 

In bitcoin (BTC) , this meant a drop from around $8,000 yesterday to under $6,000 today – a head-spinning dump, especially for those who are more recent to crypto. 

Still, in this episode, @NLW argues that there are 7 good reasons to keep calm and HODL on:

  • It’s not just bitcoin 
  • Correlation means infiltration
  • Peak fear 
  • Asia on the upswing 
  • Buy order behavior 
  • Bitcoin’s been dead before  
  • And a bonus: This environment is exactly what bitcoin was built for

Read more about...

PodcastsThe Breakdown
Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.