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
try to convert your USDT to BTC when the price is low, and convert your BTC to USDT if there is a possibility to crash, of course we can't tell exactly when it's going to happen, some exchange has to stop-loss features where in your coin will be sold if the specific price lower than the original is reach correct me if I'm wrong, lots of experience traders are doing it. 
Topic: If stock market starts to crater, should we switch to BTC or USD? - page 2. (Read 240 times)
March 25, 2021, 03:33:17 AM
March 25, 2021, 03:28:16 AM
Supporting and trusting Bitcoin is an option that I fully accept even though I don't know what the future holds. But with my experience in this market, I will be aware enough to know when it is time to sell Bitcoin, investment is more important than profit and profit here we have to convert into real life and USD is still the means to help us do that.
March 25, 2021, 12:56:56 AM
If the stock market comes crashing down as some predict,
Firstly the stock markets are regulated by some organizations and you would not see a crashing unless a diasater of the entire planet occurs, this pandemic is much less in its impact.Quote
what will you do with your alt coins? Swap them for BTC?
You still havent sold your altcoins for BTC? This was the time to sell them at profit though. No one know when you will see 60k+ USD/BTC again.Quote
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.
These two do not have a proven connection. The correlation data is anecdotal and often biased from person to person. Precious metals, stock, crypto all seem to move in different directions depending on the situation.Quote
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...
Bitcoin is not widely accepted yet. Most countries where it is accepted, good for them but there are several more where it is either illegal or a grey area. This will change with time but the concept of digital gold is a wrong one and more of an apples and oranges comparison.Both gold and bitcoin have their pros and cons. Dividing money among both would be an intelligent approach. Bitcoin bulls want you to sell your gold to buy bitcoin so they can sell. Dont fall for that trap.
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March 24, 2021, 09:53:06 PM
Just diversify it to decrease the risk, I would personally convert my stocks portfolio to cryptos distributed among top coins that has highest market cap.
and tbh, even if the stock market really crashes there's a good chance that my altcoins not gonna get affected, I've seen many coins that's still going up despite BTC bearish market back in the past.
But big share of my money gonna go to BTC of course, even if it's dumping somehow because of stock market it will certainly go back up again.
and tbh, even if the stock market really crashes there's a good chance that my altcoins not gonna get affected, I've seen many coins that's still going up despite BTC bearish market back in the past.
But big share of my money gonna go to BTC of course, even if it's dumping somehow because of stock market it will certainly go back up again.
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March 24, 2021, 08:53:52 PM
Bitcoin market price has a lot of history in correlating with the price of the stock market but not in every time though and in the situation when the market correlation is sure when stock market crash the profitable decision is to swap altcoin for BTC when BTC market crash happen before the bearish is over.
March 24, 2021, 08:10:36 PM
IMO if it should be both, this time bitcoin is facing another correction and i think that a stable coin is the best solution for this trend. that's why keeping both bitcoin and stable coins would become the best choice. I have swapped 80% of my altcoins into stable coins and im only holding bitcoin as my reserved coins and at the same time to be my long term investment.
You should at least keep a small portion of stable coin or USD.
March 24, 2021, 05:36:25 PM
Chances are,i will definitely turn to BTC for profit after the profit is enough I will switch to USD and buy real gold, as my real asset, partly, the rest I will stay in crypto and fight for profit again in bitcoin and other coins.
all have risks in investing, friend, so we are smart at making decisions,
all have risks in investing, friend, so we are smart at making decisions,
March 24, 2021, 05:22:03 PM
Just make sure that you know which works for you the best. In my opinion, it will work best if I'll have more bitcoin than the altcoins that I have. But I don't think that I'll sell some of the altcoins on my stash if there's no need to. Yes, we've seen the correlation of stocks to the bitcoin market and which finally affects the whole crypto market. I'll be on both market, bitcoin and alts and have it stay there and would only get into fiat if I need money.
March 24, 2021, 04:42:01 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
USD is having a war with China Yuan, these two are having a hard time dealing with each other. I saw someones post comparing things he can buy with 100 bucks 10 years and in the current year. It's value is getting low, so better invest in Bitcoins. Gold have low volatility and you will be waiting years to gain profits. I also read a blogger were in Congo they found massive mountain of gold, so much it will be enough to power ip the country.
March 24, 2021, 04:35:34 PM
I’m thinking about the correlation of Altcoins to stock market, and since I’m investing on both market I can say that I’ll stay with my strategy even if the stocks are crashing, I do play long term with stocks so it doesn’t matter for me. Hold bitcoin and good altcoins, this market can be a safe haven if there’s a market crash again and never put all your assets into one basket, so I don’t suggest to sell and go all in.
March 24, 2021, 04:09:24 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 you dare to take a risk then I suggest you switch to BTC, because I believe if BTC is still popular and even more popular than today, then of course the price will definitely increase very high and even BTC can replace the position of gold, so people would prefer to invest in BTC rather than in gold, because BTC is a better investment than gold (the price of BTC is increasing faster than the price of gold), so investing in BTC will get a bigger profit than investing in gold.
March 24, 2021, 01:59:45 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
There is difference between crash and crisis and we are not going to face the economical crisis soon because we just met the crisis an year ago so this time if the prices start to crash you have lot of choices like converting the stocks into fiat or BTC then buy the stocks back at the bottom so you can sell them later for more profits but in general there is no correlation with the stock market and crypto market. March 24, 2021, 01:59:31 PM
A balanced portfolio is advisable but I would always recommend a high exposure to bitcoin. It is the best performing asset this century & it’s going from strength to strength.
So you'd keep your alt coin positions during a stock market crash?
March 24, 2021, 01:48:53 PM
A balanced portfolio is advisable but I would always recommend a high exposure to bitcoin. It is the best performing asset this century & it’s going from strength to strength.
March 24, 2021, 01:46:08 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
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