11-27-2021, 01:54 PM
Markets are almost certainly overreacting to the new virus strain, here's why.
<!-- SC_OFF --><div class="md"><p>Today wasn't good, I'm not gonna lie. But I absolutely think that the markets are overreacting right now, so I am buying the dip.</p> <p>Why do I stay bullish? I am convinced that this new virus strain will fade away just like all the others did before. Here's an excerpt from <em>The New York Times</em> :</p> <blockquote> <p>Still, even epidemiologists who have been the most outspoken in supporting precautions against the virus urged calm on Friday, noting that little is known about the variant and that <strong>several seemingly threatening variants have come and gone in recent months</strong>. </p> <p>“Substantively NOTHING is known about the new variant,” Roberto Burioni, a leading Italian virologist, wrote on Twitter, adding that people should not panic.</p> </blockquote> <p>So, here you go, you don't have to believe me. Experts are saying not to panic, so I don't panic.</p> <p>We also have to remember where we are coming from. In March 2020, the whole world economy basically shut down for a month. We had no vaccines, no treatment pills, nothing. And yet, markets recovered so quickly that a lot of investors couldn't believe it. Why would a new strain be any different? Almost everyone is vaccinated, deaths are plunging, and the economy is in really, really good shape.</p> <p>That's why I think this dip is a major buying opportunity. In all likelihood, we will be back at 60k and 4.4k in the coming weeks. If you are a long-term holder, this is a very good entry point.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/busterrulezzz"> /u/busterrulezzz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2w7lc/markets_are_almost_certainly_overreacting_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2w7lc/markets_are_almost_certainly_overreacting_to_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Today wasn't good, I'm not gonna lie. But I absolutely think that the markets are overreacting right now, so I am buying the dip.</p> <p>Why do I stay bullish? I am convinced that this new virus strain will fade away just like all the others did before. Here's an excerpt from <em>The New York Times</em> :</p> <blockquote> <p>Still, even epidemiologists who have been the most outspoken in supporting precautions against the virus urged calm on Friday, noting that little is known about the variant and that <strong>several seemingly threatening variants have come and gone in recent months</strong>. </p> <p>“Substantively NOTHING is known about the new variant,” Roberto Burioni, a leading Italian virologist, wrote on Twitter, adding that people should not panic.</p> </blockquote> <p>So, here you go, you don't have to believe me. Experts are saying not to panic, so I don't panic.</p> <p>We also have to remember where we are coming from. In March 2020, the whole world economy basically shut down for a month. We had no vaccines, no treatment pills, nothing. And yet, markets recovered so quickly that a lot of investors couldn't believe it. Why would a new strain be any different? Almost everyone is vaccinated, deaths are plunging, and the economy is in really, really good shape.</p> <p>That's why I think this dip is a major buying opportunity. In all likelihood, we will be back at 60k and 4.4k in the coming weeks. If you are a long-term holder, this is a very good entry point.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/busterrulezzz"> /u/busterrulezzz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2w7lc/markets_are_almost_certainly_overreacting_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2w7lc/markets_are_almost_certainly_overreacting_to_the/">[comments]</a></span>Kind Regards R