Topic: How the hell is bitcoin not at $50k yet with stock and real estate bubbles? (Read 222 times)
November 23, 2018, 08:41:56 AM
There is no connection between the two even tho we can see bursting bubbles in real estate right now it will not make bitcoin pump it is the other way around you can not lump something that is decentralized with an economic crisis happening in the world, And because we are still in the presence of a bearish market it is really hard for the price to skyrocket right now even in the $10,000 USD and right now we are down to $4300 USD it is pretty obvious how this year will be down and will stay this way.
November 22, 2018, 12:45:09 PM
Real estate and stock investors just don't view bitcoin as an alternative.
I think that most of those real estate and stock investors are old people with savings.They just don't know very much about bitcoin and they consider it a "millenials bullshit".
Bitcoin is an investment of the younger people.
It's not solely about old versus young. They look at the situation in a different way. Let's put it like this, if you buy a property and the value tanks like 50% or more, which is possible in some areas, you still have that property.I think that most of those real estate and stock investors are old people with savings.They just don't know very much about bitcoin and they consider it a "millenials bullshit".
Bitcoin is an investment of the younger people.
Imagine how people think about crypto assets? If crypto tanks 50% they believe the end is near, because there aren't any fundamentals that you can name up allowing crypto to have some form of base value.
That's exactly why I don't blame anyone for not digging into crypto from the regular market. I am happy already if they allocate 1% of their net worth to Bitcoin at some point in the future. Everything above that is a bonus.
November 22, 2018, 08:02:29 AM
Real estate and stock investors just don't view bitcoin as an alternative.
I think that most of those real estate and stock investors are old people with savings.They just don't know very much about bitcoin and they consider it a "millenials bullshit".
Bitcoin is an investment of the younger people.
I think that most of those real estate and stock investors are old people with savings.They just don't know very much about bitcoin and they consider it a "millenials bullshit".
Bitcoin is an investment of the younger people.
November 22, 2018, 05:19:41 AM
it is just because of the fear of the unknown.
bitcoin is new, and it is constantly under attack. not a day goes by without media publishing some FUD about bitcoin. specially during down trends which makes them bolder. you don't see the media call stocks of companies that are being traded the most as scam, fraud,... on daily basis but they are doing it to bitcoin.
now add to that the manipulation in the market itself done by whales and any person looking at the market from outside would be filled with fear.
Since the very first day when it was established and presented to world, enemies had flown away. They start making games against this tremendous coin. Bitcoin always revived and so do in future too. bitcoin is new, and it is constantly under attack. not a day goes by without media publishing some FUD about bitcoin. specially during down trends which makes them bolder. you don't see the media call stocks of companies that are being traded the most as scam, fraud,... on daily basis but they are doing it to bitcoin.
now add to that the manipulation in the market itself done by whales and any person looking at the market from outside would be filled with fear.
November 19, 2018, 10:03:58 AM
There is no direct correlation between stock market and real estates to the bitcoin price. First of all you need to realize the stock market crash happened in USA, which is just one country, even though it is a huge country with the power to change global markets (remember the 2008 HOUSING market crash in USA almost killed the finances of Greece and Spain) it is still just one part of bitcoin which still reliant on all other countries as well.
However, even with the stock market crash the USA citizens keep on withdrawing their bitcoins because they have lost money on stock market and now they have lost their money in crypto and their houses do not value as much as it used to and all that combined made them much much poorer than last year.
Person who had a lot of money last year thanks to stocks going up, houses going up and crypto REALLY going up has probably fraction of what he used to have and he needs money to live so he cashed out the most volatile one, the crypto investment.
However, even with the stock market crash the USA citizens keep on withdrawing their bitcoins because they have lost money on stock market and now they have lost their money in crypto and their houses do not value as much as it used to and all that combined made them much much poorer than last year.
Person who had a lot of money last year thanks to stocks going up, houses going up and crypto REALLY going up has probably fraction of what he used to have and he needs money to live so he cashed out the most volatile one, the crypto investment.
November 19, 2018, 09:27:20 AM
Not everything is about Trump and that part of the world, even if yes, the financial might and numbers behind Bitcoin is still largely from there. Much as I can find lines of agreement, $50k is still far too high a valuation given today's climate where Bitcoin activity is still dominated by speculator interests... the very people who, as Lucius points out, are far from knowing what Bitcoin is, how to use it, how to trust it, how to actually own it. Probably never will. Until the majority of Bitcoin users are not simply investors, speculators and people who don't control what they think they own, we can't talk about Bitcoin at $20k, much less $50k.
November 19, 2018, 09:21:54 AM
Hawaii2020 why you think Trump and USA have any connection with big BTC pump in 2017? May God help us all if Trump should say something or do anything to BTC succeed or survive, it would be game over for cryptocurrency. BTC is far more than one country or one man even if it is about USA and their desire to rule the world by their own rules.
BTC is not 50k$ by now for few reasons :
- it is too complicated for the average person (wallets, exchanges, private keys, taxes, security... ).
- it is not regulated on world level ( each country has its own rules ).
- it has a high volatility.
- it is not trusted by people as stocks, fiat, real estate, gold...
BTC is not 50k$ by now for few reasons :
- it is too complicated for the average person (wallets, exchanges, private keys, taxes, security... ).
- it is not regulated on world level ( each country has its own rules ).
- it has a high volatility.
- it is not trusted by people as stocks, fiat, real estate, gold...
November 19, 2018, 06:47:39 AM
People know and trust stocks and real estate, even when previous bubbles have burst, over time they've always recovered to new highs. Bitcoin is relatively new and unproven. Also people don't always necessarily realise a bubble when it's happening. We only need to go back 1 year to see that with bitcoin.
November 19, 2018, 12:07:45 AM
it is just because of the fear of the unknown.
bitcoin is new, and it is constantly under attack. not a day goes by without media publishing some FUD about bitcoin. specially during down trends which makes them bolder. you don't see the media call stocks of companies that are being traded the most as scam, fraud,... on daily basis but they are doing it to bitcoin.
now add to that the manipulation in the market itself done by whales and any person looking at the market from outside would be filled with fear.
bitcoin is new, and it is constantly under attack. not a day goes by without media publishing some FUD about bitcoin. specially during down trends which makes them bolder. you don't see the media call stocks of companies that are being traded the most as scam, fraud,... on daily basis but they are doing it to bitcoin.
now add to that the manipulation in the market itself done by whales and any person looking at the market from outside would be filled with fear.
November 18, 2018, 06:32:58 PM
People who are into stocks and real estate want something predictable, they can't stand volatility.They would rather lose 30% of their investments during a crash than invest in Bitcoin and risk losing 10% overnight. Because of its volatility and low liquidity, Bitcoin is not a perfect hedge, contrary to a popular belief of crypto community. So, if there will be a new economic crisis, I don't expect Bitcoin to go to the moon, at best there will be a 20-30% boost, which is nothing great in the realm of cryptocurrency.
November 18, 2018, 05:46:37 PM
Now they all trust Trumps economy?.... And that stocks and real estate are still a good investment because of Trumps economy? But for how long?
Pretty simple really. Stocks are centuries old as an investment, property is thousands of years old. You can't really expect a string of numbers less than a decade old to conquer the world yet. Considering how young and weird it is it's done pretty astoundingly well so far.
What you are telling is true, even when their was so many crash in stock market still peoples are investing in it and about real estate, that i think it wont come down as the population is growing the demand of land is always growing so it is always a good investment in real estate. Whether which ever government come this investment will always go on.
November 18, 2018, 05:30:17 PM
Now they all trust Trumps economy?.... And that stocks and real estate are still a good investment because of Trumps economy? But for how long?
Pretty simple really. Stocks are centuries old as an investment, property is thousands of years old. You can't really expect a string of numbers less than a decade old to conquer the world yet. Considering how young and weird it is it's done pretty astoundingly well so far.
November 18, 2018, 04:20:36 PM
Do people really want to go bankrupt when the real estate and stock bubbles burst? People already not being able to pay their rent anymore from always increasing rent prices, or having to do 3 jobs... not even time anymore to spend money or buy new Iphones..
It was interesting that when Trump became president everyone got scared and expected a world war 3 and everybody went into Bitcoin. Now they all trust Trumps economy?.... And that stocks and real estate are still a good investment because of Trumps economy? But for how long?
I am suprised Bitcoin is not at $50k yet. It seems like Wall Street, Hedge Funds and Institutional Investors have gone completely nuts.
It was interesting that when Trump became president everyone got scared and expected a world war 3 and everybody went into Bitcoin. Now they all trust Trumps economy?.... And that stocks and real estate are still a good investment because of Trumps economy? But for how long?
I am suprised Bitcoin is not at $50k yet. It seems like Wall Street, Hedge Funds and Institutional Investors have gone completely nuts.
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