If stock market starts to crater, should we switch to BTC or USD?

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: isaac_clarke22 on April 07, 2021, 01:38:37 AM

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

My altcoins? It will go to BTC, even if I am a or not an altcoin investor.
I was leaning to stock trading back then, but then I found out that Bitcoin is far more convenient for me to trade without going out of my house anyway.
Not sure what you are saying that stock prices are positively correlated with BTC price though.

That correlation may occur when many investors from the stock market start moving their money into the bitcoin market. then there will be a decline in the stock market. due to the popularity of the crypto market in recent years gaining world markets.
I've never been to the stock market myself, so I can't compare which one is more comfortable.

nicecrypto

member

Activity: 1260

Merit: 21

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

If the stack market will crash like you have said, Investors in stocks will look for the best option of investment which is Naturally in cryptocurrencies and Bitcoin precisely. This means that investors in stocks will be moving their funds into bitcoin which will further boost its price so the option of selling everything and investing in Gold is not an option but this don't mean portion of the portfolio cant be invested in Gold too.

isaac_clarke22

sr. member

Activity: 1596

Merit: 264

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

My altcoins? It will go to BTC, even if I am a or not an altcoin investor.
I was leaning to stock trading back then, but then I found out that Bitcoin is far more convenient for me to trade without going out of my house anyway.
Not sure what you are saying that stock prices are positively correlated with BTC price though.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: ?? on ??

I have no idea what needs to happen for the stock market to crash. But if this happens, then the owners of cryptocurrencies will be very happy, since very large investments will come to our market!

Did you think of this: If the stock markets crash the money that was owned in those assets would be "lost". Therefore there will be no more money to enter a new market, in this example, into the crypto market. Hence your statement is incorrect.

I still dont understand why some people keep thinking of crypto markets and fiat markets to go against the movement of an economic crisis - they dont. Rather in case of a crisis they both drop. Sometimes we might see opposite trends but that applies more to fiat vs precious metal market. All in all, you cant compare the two to move opposite because the source of money is still from fiat and if one crashes, the other will panic and sell.

Also dont forget that crypto owners that can be classified as whales also own a lot of fiat market assets seperately.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: FanEagle on March 29, 2021, 12:13:19 PM

Quote from: michellee on March 29, 2021, 08:58:29 AM

Stock market? If the crashing down does not interfere with the crypto market, I will not do anything because I do not have a stock investment.

If the crash impact to the crypto market and bitcoin is crash, I will not sell my bitcoin instead of buying more bitcoin because that will be the best time for me to buy bitcoin and accumulate more bitcoin. If my altcoin is not crash, I will still hold it and not sell because I think some altcoin will increase if bitcoin is down.

I do not think that crypto market and stock market are that much independent from each other. I do not know if it will be opposites or parallel but I know that it will definitely be related somehow. Think about it this way, we may have stocks going down and crypto going up, or we may have stocks going down and crypto going down with it. Those are two very different things. If the stock market crashes and the crypto world crashes with it?

I will definitely buy a lot more crypto, I keep saying this but then when I want to I keep not finding any money to buy, but if I can somehow gather some funds I will buy a lot, because it will recover and I know it. If the stocks go down but crypto goes up? In that case I have to do nothing, I already have a decent portfolio and I will keep that and that's it, I will not do anything else about it to be frank because I will be profiting so what else to do?

If both the stock market crashes and the crypto market also crashes, that will be the best time to buy crypto, but I do not buy the stock market because I will need more money to buy any stock on the market. I prefer to buy crypto than stock because I do not know much about the stock market, but I have experience in crypto to help me make money from crypto.

After the crypto recovers from the crash, that will be our time to make a profit and buy the other coins at the market. We can repeat the process because, in the crypto market, we have hundreds of projects that can increase anytime. But it will not be easy to detect which project can rise in the near.

FanEagle

legendary

Activity: 2884

Merit: 1117

Leading Crypto Sports Betting & Casino Platform

Quote from: michellee on March 29, 2021, 08:58:29 AM

Stock market? If the crashing down does not interfere with the crypto market, I will not do anything because I do not have a stock investment.

If the crash impact to the crypto market and bitcoin is crash, I will not sell my bitcoin instead of buying more bitcoin because that will be the best time for me to buy bitcoin and accumulate more bitcoin. If my altcoin is not crash, I will still hold it and not sell because I think some altcoin will increase if bitcoin is down.

I do not think that crypto market and stock market are that much independent from each other. I do not know if it will be opposites or parallel but I know that it will definitely be related somehow. Think about it this way, we may have stocks going down and crypto going up, or we may have stocks going down and crypto going down with it. Those are two very different things. If the stock market crashes and the crypto world crashes with it?

I will definitely buy a lot more crypto, I keep saying this but then when I want to I keep not finding any money to buy, but if I can somehow gather some funds I will buy a lot, because it will recover and I know it. If the stocks go down but crypto goes up? In that case I have to do nothing, I already have a decent portfolio and I will keep that and that's it, I will not do anything else about it to be frank because I will be profiting so what else to do?

aysg76

legendary

Activity: 1960

Merit: 2124

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

Stock market crash is very rare case and happens if the economy of the nation tumbles or there is scam at huge level in stock market whereas market crash is more common in cryptomarket as we have seen in 2017.So its advisable to invest some portion in stock market if you have knowledge and are interested in investing in it.Its less risky and have some tax benefits also which in turn provides capital guarantee and profits.But hold btc for your future as the other main option of investment.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Anonylz on March 29, 2021, 05:51:45 AM

You know people can panic in an unusual manner, ideally if the stock market start to go down people are suppose to find solace in btc but for some wired reason you will see even the price of btc going down because some panic sellers will rather sell off,
so it is better to have it 50 - 50% or 70 -30% on stabecoin and btc depending on your preference, and if you hodl alts at this time, you don't need to be told what to do Wink

You don't just switch to BTC when crypto markets fail, you of course as a trader just want to preserve wealth (and that's always in US dollar, sorry crypto traders but it's true isn't it).

If you're a crypto HOLDER then no question you always hodl BTC when times are turbulent. And you wait for the storm to die before venturing out again.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

Stock market? If the crashing down does not interfere with the crypto market, I will not do anything because I do not have a stock investment.

If the crash impact to the crypto market and bitcoin is crash, I will not sell my bitcoin instead of buying more bitcoin because that will be the best time for me to buy bitcoin and accumulate more bitcoin. If my altcoin is not crash, I will still hold it and not sell because I think some altcoin will increase if bitcoin is down.

Anonylz

hero member

Activity: 2562

Merit: 577

You know people can panic in an unusual manner, ideally if the stock market start to go down people are suppose to find solace in btc but for some wired reason you will see even the price of btc going down because some panic sellers will rather sell off,
so it is better to have it 50 - 50% or 70 -30% on stabecoin and btc depending on your preference, and if you hodl alts at this time, you don't need to be told what to do Wink

maxreish

sr. member

Activity: 1330

Merit: 326

Nope, I dont convert it into btc. I do have three choices with my altcoins;

- Hold still and wait for the pump market,
- Convert into USD or any stable coin like Tether
- Sell off before it will go bearish

There are so many strategies when market started to become unpredictable. But it is always your own choice which one you think is the best for your investments.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: kaseygriffin on March 25, 2021, 06:19:05 AM

But if we know how and smart enough, I believe that our wealth will always increase.

If you sell your bitcoins then only you will see the increase in wealth. It is still not the time that bitcoin is being used everywhere as day to day currency.

Quote from: ElmedoRator on March 25, 2021, 05:07:40 AM

Each person will have their own views for holding assets during win-win if the stock market collapses or, more frankly, the economic crisis at its worst. Btc and USD are good, personally I will keep both because I believe and my time in this market shows me that no matter how volatile the market is, I still make a profit.

Talking about market collapse to that extent seems more of a world-ending conspiracy theory and therefore very less likely to happen. What we saw, the pandemic happen and that had its effect on economies and even bitcoin. The current bitcoin price is a different cause though.

Still when a disaster happens, the formal currency will remain fiat. Because with the lack of common resources, electricity will be lost and thus bitcoin will not be accessible. Each of fiat and crypto have their own pros and cons. You have to be diligent and not for the bulltraps set by whales that this is the next big thing, because none are.

kaseygriffin

full member

Activity: 785

Merit: 105

In your opinion, which is the best hiding place for your money, I always think of places that are supposed to be safe to keep assets or a fundamentals channel for myself. But looking at them, there will be no safe place, we need to adapt to change more and make choices at the right time, no one will predict that BTC and USD are safe. But if we know how and smart enough, I believe that our wealth will always increase.

yurez

hero member

Activity: 2520

Merit: 711

Quote from: ?? on ??

yea, in general one would think that BTC is safe heaven when traditional markets are in trouble. But one year ago we had the corona market crash which extended into crypto currencies so it is not absolute. it could be better to be in cash.

The correct statement is that with a rapid fall in the stock market, cryptocurrencies will also fall very quickly, as many will go into cash. As far as I remember, since Bitcoin appeared, there has not been a protracted fall in the stock market, so we do not yet know what will actually happen.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: sangjoewara on March 25, 2021, 05:11:38 AM

Quote from: ElmedoRator on March 25, 2021, 05:07:40 AM

Each person will have their own views for holding assets during win-win if the stock market collapses or, more frankly, the economic crisis at its worst. Btc and USD are good, personally I will keep both because I believe and my time in this market shows me that no matter how volatile the market is, I still make a profit.

That's right, and everyone will always make good decisions from the perspective they already have, because as everyone knows Bitcoin and USD are always good to hold, hold for a long time, and can also be good to trade, so obviously not it would be wrong to choose both.

If you do not see a problem in the two options, it only proves that you are not watching the market too much because a rift comes from one investment market, it can still create a coupling effect with other markets when the state of the market is the economic and psychological reflection coming from the market. Simply put, the stock market crash has proven investment is not favorable, stocks are losing value, bitcoin will be implicated, investors will soon convert their assets to more stable values such as USD

bitterguy28

full member

Activity: 2044

Merit: 181

★Bitvest.io★ Play Plinko or Invest!

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

The question is , Do you have other option ? or you mean withdrawing your Crypto to convert in Fiat again?

Even Bitcoin is correlated to Stocks yet the only chance to survive is to convert all your altcoin to BTC and remain holding for longer time now.

sangjoewara

full member

Activity: 1050

Merit: 100

Quote from: ElmedoRator on March 25, 2021, 05:07:40 AM

Each person will have their own views for holding assets during win-win if the stock market collapses or, more frankly, the economic crisis at its worst. Btc and USD are good, personally I will keep both because I believe and my time in this market shows me that no matter how volatile the market is, I still make a profit.

That's right, and everyone will always make good decisions from the perspective they already have, because as everyone knows Bitcoin and USD are always good to hold, hold for a long time, and can also be good to trade, so obviously not it would be wrong to choose both.

ElmedoRator

full member

Activity: 826

Merit: 104

Each person will have their own views for holding assets during win-win if the stock market collapses or, more frankly, the economic crisis at its worst. Btc and USD are good, personally I will keep both because I believe and my time in this market shows me that no matter how volatile the market is, I still make a profit.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

Yeah, I think personally I will switch to BTC only if the stock market crashes. You are correct that there are still correlations between the two market, and mostly when stock goes down, bitcoin at least goes up.

I think the simply explanation is that stock investors are shifting to bitcoin because it is one of the safest haven for now. We have seen this in the past, so I wouldn't be surprise that it will happen again, in case stocks plummeted again.

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

~ That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever...

I've been seeing a lot of people migrate from stocks market to cryptocurrencies already. I'm just talking about retail traders that owns a significant amount of money. Who knows how many more are there (including institutions) cutting losses from their stocks and switching to BTC. Crypto is still on a bullrun.

Quote from: J_Townsend on March 24, 2021, 02:46:08 PM

Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA

A guy named Peter would love to hear this Grin

Seriously though, it's your choice.

I think that if it weren't for BTC, Gold's price would have skyrocketed by now.

Topic: If stock market starts to crater, should we switch to BTC or USD? (Read 218 times)