Dow down over 1,000, btc holds steady

Walrus1

member

Activity: 182

Merit: 20

Quote from: elisabetheva on February 08, 2018, 08:55:20 PM

Quote from: Walrus1 on February 08, 2018, 07:13:11 PM

Quote from: BelieveInBitcoin on February 08, 2018, 06:47:34 PM

Yes, I thought gold would shoot up but that doesn't seem to have happened. It looks like Bitcoin is at least partly being considered as a safe place to go atm, at least compared to the stock market.

that's what it looks like today but earlier in the week the btc sunk along with the market. I did buy 3 ounces of gold towards the end of last year. Also some silver. I did expect a little more of a bump from gold but I'm not concerned, gold is a 10 to 15 year hold for me. Let's see if btc can maintain this course
G

I feel this time bitcoin at a very stable and worthy to be noticed but compared gold of course I still see gold more legit for that.
all depends on the circumstances as well.

well it is but we go on with crypto for other reasons, not the safety of gold. Gold will be more useful in the zombie apocalypse but btc is good now. Use both for diversification

imteaz

full member

Activity: 532

Merit: 107

When DOW went down 1000 points, i also thought ahh! not again but surprisingly bitcoin holding strong. Now you see the market cap holding around 400 billion is hardcore investor, like they will hold for life, no matter what happens to other market. And that is indeed a good sign for crypto.

Suharti12

member

Activity: 350

Merit: 10

Whether you will get a lot of benefits if titled, I think the gamble is not good and you can lose your money completely, you better be patient to wait for bitcoin prices go up again and you get a profit and your money will not run out.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: Walrus1 on February 08, 2018, 07:13:11 PM

Quote from: BelieveInBitcoin on February 08, 2018, 06:47:34 PM

Yes, I thought gold would shoot up but that doesn't seem to have happened. It looks like Bitcoin is at least partly being considered as a safe place to go atm, at least compared to the stock market.

that's what it looks like today but earlier in the week the btc sunk along with the market. I did buy 3 ounces of gold towards the end of last year. Also some silver. I did expect a little more of a bump from gold but I'm not concerned, gold is a 10 to 15 year hold for me. Let's see if btc can maintain this course
G

I feel this time bitcoin at a very stable and worthy to be noticed but compared gold of course I still see gold more legit for that.
all depends on the circumstances as well.

Walrus1

member

Activity: 182

Merit: 20

Quote from: BelieveInBitcoin on February 08, 2018, 06:47:34 PM

Yes, I thought gold would shoot up but that doesn't seem to have happened. It looks like Bitcoin is at least partly being considered as a safe place to go atm, at least compared to the stock market.

that's what it looks like today but earlier in the week the btc sunk along with the market. I did buy 3 ounces of gold towards the end of last year. Also some silver. I did expect a little more of a bump from gold but I'm not concerned, gold is a 10 to 15 year hold for me. Let's see if btc can maintain this course
G

BelieveInBitcoin

member

Activity: 98

Merit: 10

Yes, I thought gold would shoot up but that doesn't seem to have happened. It looks like Bitcoin is at least partly being considered as a safe place to go atm, at least compared to the stock market.

Walrus1

member

Activity: 182

Merit: 20

Interesting to see, besides btc I'm in stocks and real estate. The market took quite a hit today. I thought btc might go down with it like last time but it didn't. Gold moved up a bit. If people start seeing btc as a safe haven it will give it new power. It is very interesting to watch what btc is doing. By the way Nvidia was up 12% today, I have been thinking of selling proctor and gamble and move into nvidia stock, part of nvidia success is due to crypto

Topic: Dow down over 1,000, btc holds steady (Read 136 times)