I knew the minute I saw that GIF that I had to use it! : ) I was convinced that BTC was going to keep marching past $20k during this last spike too but it's so difficult to predict. Even holding $200 worth of BTC you have more than most. Alts are going to soon be getting on the bandwagon too, that's how you can acquire lots of BTC. Hopefully the good fortunes of 2021 will eclipse the insanity of 2020. Great to hear from you, take care!
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I hope 2021 comes with good fortunes like you've said because it's been a crazy 2020, mostly we in Nigeria have suffered one of the highest inflation rate and it's been troubling hopefully we can see massive alt rise too because BTC moon doesn't really benefit me since I don't hold much.
Me too! I'm sorry to hear about those struggles with inflation. I think the US will be experiencing a major financial fallout in the coming months due to the virus. The Federal Reserve has been pumping massive amounts of dollars into the stock market to keep it cranking amidst some of the highest unemployment numbers we've seen in decades here in America. It's not going to be pretty when it all comes crashing down. So many Americans have been conditioned to use credit to survive so it'll be very difficult for them to deal with it.
So it seems the situation in the US is being patched and there's a likeliness it'll all come crashing down?
That's painful, I mean Nigerians has started experiencing it hard one, I've decreased how I spend to match a certain expectations as everyone has now turned economists.
Hopefully we don't experience a global fallout
I'm sorry to hear that. I don't think we're out of the woods yet in America. The US is so big that it sometimes takes more time for the repercussions of bad decisions to surface. Hopefully I'm wrong. If it does happen those who own crypto should have a hedge against it though.
If not that I owned crypto I'd probably cut my food ration to maybe twice or once a day because of the high cost of feeding. It skyrocketed 4 times when the lockdown hit.
It's crazy that the price of food has quadrupled there. We've seen higher prices on things like meat and paper products and some shortages but nothing like those kinds of price increases. I'm glad you own crypto!