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Old 20th March 2020, 08:17 PM
ainarssems ainarssems is offline
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Join Date: Aug 2010
Location: Rushden, Northants
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It was very much unexpected (for me at least) and against the logic (my logic anyway) but Andreas Antolopoulos pretty much predicted it. Everybody was selling shares in panic as well and mostly getting back to USD, British pound fell as well.

I missed the short window when BTC was under $4k but I bought some more around $5k mark and it has gone up since. I think it will go higher, a lot higher. With all the government actions throwing money around I think high inflation is inevitable.

I mean this is unprecedented situation in recent history and I do not blame governments for borrowing more and printing more money to throw at the problem, but we have to realise that all of us will have to pay for it eventually. Like it has been said elsewhere if your house is on fire you use water to put it out and worry about water damage later. There is no doubt economy will suffer, BTC may be sound investment but it's still risky.
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