We can't say it conclusively, bitcoin crashed as well when the whole economy got crashed so all we can do is just hope and it won't fall if there is recession or complete crash in the future.
But I don't know what is the value to say moon reached? $50K?
Topic: This time when the stock market crashes, Bitcoin will go to moon! (Read 759 times)
September 15, 2020, 03:27:29 PM
September 12, 2020, 06:28:35 PM
the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .
is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
You should not expect that to happen overnight, do not think of this as an event think of this as a process, the stock market has also recovered significantly after the huge crash that it suffered at the beginning of this year due to the pandemic, it seems that people are not as afraid of the pandemic as they were back then because now we have a lot more information and not rumours, however the economy is not doing well despite the stock market indicating otherwise and it is known this cannot continue for long before the stock market depicts the same reality as the economy in general.is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
doesnt mean that it would really be on the floor or wont able to make out some recovery and these markets including forex had been here for a very long time and as usual
a market does really have those bull and bearish runs depending on fundamentals that do happen.It might reflect or not depending on the buyers and sellers on the market
which is the main players when it comes to movement.
September 12, 2020, 03:07:22 PM
the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .
is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
You should not expect that to happen overnight, do not think of this as an event think of this as a process, the stock market has also recovered significantly after the huge crash that it suffered at the beginning of this year due to the pandemic, it seems that people are not as afraid of the pandemic as they were back then because now we have a lot more information and not rumours, however the economy is not doing well despite the stock market indicating otherwise and it is known this cannot continue for long before the stock market depicts the same reality as the economy in general. is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
September 12, 2020, 01:44:43 PM
People believe these type of things because after 2008 bitcoin was created, it wasn't just a response to it because Satoshi has been working on it for a long time before the 2008 crash happened but since bitcoin got published after the fact, it looked like it was a response to 2008. So, right now we all know that regular market is centralized which means that bitcoin is decentralized so that shows how different we are and when stocks go down and economy is bad, people should run away to bitcoin to save their money.
This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?
This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?
Thats the sad part of the story. Not everyone can afford BTC and the poor will always buy the necessity first. The first thing that a person would think of is to survive everyday and not to make money in the future.
Even when BTC is likely developed to hedge when all else are crashing, its still not for all. It however open for innovations that is why altcoins surfaces and now as an option that anyone can afford to invest into.
September 12, 2020, 12:11:15 PM
People believe these type of things because after 2008 bitcoin was created, it wasn't just a response to it because Satoshi has been working on it for a long time before the 2008 crash happened but since bitcoin got published after the fact, it looked like it was a response to 2008. So, right now we all know that regular market is centralized which means that bitcoin is decentralized so that shows how different we are and when stocks go down and economy is bad, people should run away to bitcoin to save their money.
This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?
This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?
September 11, 2020, 03:45:21 PM
Right now the stock market is falling but I don't see bitcoin not even heading for the moon, if every time the stock market collapses then bitcoin hits the moon I think it's very unlikely, maybe it will happen several times which in fact is just an incident that happens to happen simultaneously. This incident cannot completely be used as a benchmark, because these two things will definitely continue to move according to their respective trends, so if you want to invest then just do it, after all the movement will always be there because of the constant demand in the market.
September 11, 2020, 03:35:38 PM
I was thinking the opposite for now, the market is more positive as of late and we are even heading into the weekend close yet BTC remains quite subdued which could be masked weakness that will show when the market has its next rainy day. I'll wait for Monday because I dont especially trust weekend prices unless we see good volume perhaps.
September 11, 2020, 02:08:34 PM
the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .
is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over
September 11, 2020, 06:22:45 AM
In 2020, all the negative consequences of the pandemic that caused a large-scale economic crisis have changed the attitude of investors towards cryptocurrency, both retail and institutional. Many investors choose Bitcoin as one of the best assets against the backdrop of falling stocks and therefore any deterioration in the situation in the stock market has a positive effect on the cryptocurrency market. In addition, analysts predict a positive growth trend for bitcoin, given that miners are not ready to sell their bitcoin reserves at the current price. Mining companies store a significant amount of bitcoin, which exceeds the maximum for several years. And the fall in the price of Bitcoin in September helped long-term investors build up their holdings. I believe this is a very good circumstance for a future bull run.
September 08, 2020, 03:23:36 PM
now global finance is experiencing a crisis due to the corona pandemic and that is also having an impact on the crypto world. but it is not too impactful because crypto enthusiasts prefer to retain their assets
retain their assets?meaning still Holding?yeah some but many had already panicked that's why we fell down to $10k now though this is still higher than what we have in the mid of 2nd quarter.
Kind of looks like the beginning of something. As usuall crypto follows the stocks down with more volatility.
I've read some predictions that stocks are currently overbought and many traders expect a correction. If we get another wave of corona in Autumn this really might happen.
Or i miss the point?stocks and crypto both have same correction at the same time?
They both begun to fall on September 2. You can see the dates at the bottom of the chart.
That's why I think stocks were the main reason for Bitcoin's correction and if it continues Bitcoin might even go lower to the sypport at 8500 USD.
If you google S&P 500 you'll see that it's more or less acting like Bitcoin and continues to fall. 1m chart looks like a textbook correction on both indexes.
September 08, 2020, 04:44:05 AM
No way. Bitcoin will be back under $10k soon enough whether stocks crash or not. There is no way this market can sustain prices above $10k for anything but momentary bouts of speculative euphoria. Eventually the price will be back under $10k for good.
In my opinion bitcoin won't be back under $10k in this year. At this time, bitcoin is strong enough and it has ability to break $15k very soon. If we support bitcoin by holding, we will be able to get some good news soon.We don't know that.
It reached a good price in a short period of time, there is a chance that it can do the opposite at the same period of time. It may break barriers but I think it will again go back to 4 digits before going back to 5 digits.
Right now we are sliding back and forth at the price of $10K.
The wall between $11K and 12K might be close but it is so hard to break through. Despite the support we have, there will always be a time like this and we can't control that since there are a lot of other investors and not just us, it can also be manipulated, it might be a correction or an effect of a scam or hack, we don't know. This will happen and all we can do is to adjust and take advantage of it.
September 08, 2020, 12:34:42 AM
now global finance is experiencing a crisis due to the corona pandemic and that is also having an impact on the crypto world. but it is not too impactful because crypto enthusiasts prefer to retain their assets
retain their assets?meaning still Holding?yeah some but many had already panicked that's why we fell down to $10k now though this is still higher than what we have in the mid of 2nd quarter.
Kind of looks like the beginning of something. As usuall crypto follows the stocks down with more volatility.
I've read some predictions that stocks are currently overbought and many traders expect a correction. If we get another wave of corona in Autumn this really might happen.
Or i miss the point?stocks and crypto both have same correction at the same time?
September 07, 2020, 02:34:35 PM
If main markets retract then I definetly expect quite similar behaviour from Bitcoin at least at first. Theres always some froth and rapid movement to crypto that isnt exactly the same as its solid base line and continued gain over years, the low point for BTC still represents year to year quite a good price but its far more boring then the rapid spikes we can see upwards. The bigger moves upwards relate to speculation and that puts it inline with hot money on stocks and all kinds of normal market activity, so they sell likely we have a quite similar attitude then also.
This is what I expect as well, after all there are many people that are invested in both markets and if the stock market goes down then it is to be expected that those people will sell their coins and try to recover some of the money they lost on the stock market, this will increase the supply of bitcoin on the exchanges while the demand is the same making the price to go down, however after that initial drop if we find out this is the beginning of a currency crisis I expect bitcoin to recover relatively quickly while the stock market keeps crashing. September 05, 2020, 03:59:12 PM
We sort of have a stock market decline. Not a crash but a retrace. And what happened with Bitcoin? It also lost value about the same as stocks. Bitcoin and stocks live in the same economy. Yes they go up and down differently and Bitcoin should recover faster when the actual crash happens. But for sure Bitcoin will not ignore anything that stock market and economy do.
Why people are really fan on making correlations between this markets not only on stocks but also in forex as well.They do presume out when stocks decline then crypto market will go up which is really a very
wrong perception for someone in terms of investment decisions.They arent correlated period but i cant blame of those people who do make use of these informations to be included into their analysis but i would
say that it doesnt really give out that kind of precision or in high chance for it to happen.People will just eventually learn that this wont really work in reality. Institutional money might be flowing into this market
but no one will surely notice it.
September 05, 2020, 03:52:34 PM
Kind of looks like the beginning of something. As usuall crypto follows the stocks down with more volatility.
I've read some predictions that stocks are currently overbought and many traders expect a correction. If we get another wave of corona in Autumn this really might happen.
September 05, 2020, 11:28:35 AM
Unfortunately while stocks are recovering and things are doing well in the regular market, we are not doing that well in the crypto world, so could we say that vice versa works as well? I mean sure when next time market crashes, we could see bitcoin going up, and I am not saying anything against that, but seeing how crypto is going down while market is going up, could we say that what OP says could work in reverse as well?
When crypto crashes market goes up? Or we could say when market goes up, crypto crashes? It is not really an impossible thing, because if market goes up that means people are fine with putting their money into the market and if people are fine with putting their money into the market that means they are also fine with not buying crypto as well which could cause it to go down.
When crypto crashes market goes up? Or we could say when market goes up, crypto crashes? It is not really an impossible thing, because if market goes up that means people are fine with putting their money into the market and if people are fine with putting their money into the market that means they are also fine with not buying crypto as well which could cause it to go down.
September 05, 2020, 10:10:01 AM
I don't think there is direct connection between stock market and Bitcoin price. Currently there isn't the best time for stock market, although I wouldn't call it a crash, but we also have Bitcoin price correction it fell under 11000$, so your theory isn't quite right.
It's not really a market crashes, the last crashed we've seen is in March, this some sort of decline is some sort of manipulation, but it did bring stocks along with it as well. So there is some sort of direct connection again. But history proves that this kind of correction is healthy as, $9k will be a great time to enter again.
September 04, 2020, 03:25:22 PM
I don't think there is direct connection between stock market and Bitcoin price. Currently there isn't the best time for stock market, although I wouldn't call it a crash, but we also have Bitcoin price correction it fell under 11000$, so your theory isn't quite right.
September 04, 2020, 02:53:11 PM
Still in lockstep:
If the stock market actually crashes, it's abundantly clear BTC is going to the depths of hell. I don't really see a crash on the horizon though. A sharp correction sure; I've been saying that for a while with the S&P 500 trading so far above the daily MAs. A drop to the 50DMA in the 3,200s or the 20WMA in the 3,100s would be reasonable.
For BTC, that could very well mean filling the CME gap at $9,600. Or maybe tagging the 0.382 of the March-August rally in the $9,100s.
If the stock market actually crashes, it's abundantly clear BTC is going to the depths of hell. I don't really see a crash on the horizon though. A sharp correction sure; I've been saying that for a while with the S&P 500 trading so far above the daily MAs. A drop to the 50DMA in the 3,200s or the 20WMA in the 3,100s would be reasonable.
For BTC, that could very well mean filling the CME gap at $9,600. Or maybe tagging the 0.382 of the March-August rally in the $9,100s.
September 04, 2020, 10:36:28 AM
We sort of have a stock market decline. Not a crash but a retrace. And what happened with Bitcoin? It also lost value about the same as stocks. Bitcoin and stocks live in the same economy. Yes they go up and down differently and Bitcoin should recover faster when the actual crash happens. But for sure Bitcoin will not ignore anything that stock market and economy do.
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