This time when the stock market crashes, Bitcoin will go to moon! - page 3.

carlisle1

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Quote from: goinmerry on August 19, 2020, 09:37:51 PM

There's a reason why stocks started to crashes a few months ago and it's reasonable. And besides, that crash won't surely last for long. Some stocks are even slowly rising up now after a few months of being in a bottom. And with several countries rushing the clinical test for the Covid-19 vaccine phase, it gained hopes that the economy will surely back again on its usual within the timeframe of 1-2 years. Stocks won't die. The foundation is strong.

And this vaccine will surely Bring back the momentum of Stocks and This crypto market as People are now looking for assurance that this
Pandemic will not strike again as what it did last march and until now.
having this vaccine will make all investors calm and play again as they use to do before this Covid19 issue turns the whole world an the market also.

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Bitcoin will go to your moon price expectation even stocks won't crash. No matter the economic situation, good or worst, just always try to increase your hold BTC holdings as much as possible.

I don't know what is the connection of Stocks Need to Fell first Before crypto or Bitcoin starts to Goes up again?

OP you should explain it well how this needed to happen and what is the circumstances that Stocks will break again like what happen couple months ago.

reliable

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Quote from: Gotumoot on August 29, 2020, 01:14:05 AM

This has been a good theory for so long whenever the stock market crashes the crypto would bloom,
It is so simple because some believe that the people who pulls out on stock market would invest in crypto but we couldn't really guarantee it.
So this is all just a theory for me.

Stock markets from past couple months are rising and bitcoin in same time has risen and reached 12k levels as well so here we can see that both were simultaneously rising and not that markets fall and then only btc rise. So, their is no correlation as such I think.

naikturun

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not really, when all the markets fell in march, btc and altc also experienced a decline so everything will be related to each other even though different fields of investment type.of course the main reason is this pandemic, warren buffets say this is the greatest crash or crisis in history because the economies around the world go down simultaneously.and this pandemic is the worst than the previous one, even though it only claimed a few casualties, the economic effects it caused were very damaging.

Gotumoot

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This has been a good theory for so long whenever the stock market crashes the crypto would bloom,
It is so simple because some believe that the people who pulls out on stock market would invest in crypto but we couldn't really guarantee it.
So this is all just a theory for me.

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Quote from: StonksStonksStonks on August 19, 2020, 09:47:44 PM

I was talking about if stocks crash again. looks like stocks are starting to dump today.

But yes, regardless if stocks go up or down. Bitcoin only has one direction to travel to the moon

What stock are you saying?? If you are referring to S&P500, it is on its new ATH already or at lest near on it so dumping is normal already on it.

Your optimism is that high but don't expect that those knowledgeable ones will agree with what you said. Only the newbies who always say that "Bitcoin will go to the moon" or "Bitcoin will not go down. UP UP UP!!!!!" are the ones who will believe to your statement. Stock market and Bitcoin are somewhat correlated if you will put their charts side by side and Bitcoin's price isn't in one direction only lols.

taufik123

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I don't think I'm a fool. Financial markets always go together when something goes wrong and it is a natural law. When you know that an economic crisis occurs, people will store food instead of coins or stocks of large companies. They would sell everything to buy food and save their lives, we all know this. Do not rely on Bitcoin's supply to speak of its value, Bitcoin is just a tool for whales to manipulate the market. besides, it was of no other value. Be alert and don't be trapped by whales.

Whales have thought of a strategy to manipulate the market by buying thousands of BTC and waiting for the right time to sell it.
When the pandemic affected all sectors of the economy including the stock market, the effect felt by BTC was only slightly and BTC was again bullish and was able to break the $ 12k mark.
Being alert to the whales trap is necessary, because the bearish risk of bitcoin will still occur, when the market is getting saturated.

bearexin

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Quote from: el kaka22 on August 26, 2020, 10:47:15 AM

Bitcoin needs to be ready to take place of fiat currencies first. There is really not that many places that you can spend bitcoin, if there were a lot of places that bitcoin could be used at the very least people could spend it instead of selling it, and people who get it will spend it somewhere else, and just like that we would be like fiat currency and there would be no need for selling and spending that way.

On the other hand right now, people can't spend it everywhere, which causes people to sell their coins to buy stuff or pay for stuff which drops the price of bitcoin. If the economy crisis comes people will need money and they will sell their coins if they can't spend it and which will cause bitcoin to actually go down with other stuff together as well.

I'd like them to co-exist it's possible that they can both have their own traits and sectors to serve, their people from far away places that do not have access to the computer, and a city to get things done in a fast and comfortable way should have a cashless transaction with no third party involve they both have their own purpose to serves.

Hopefully the connection between them will be closed one day. Like the old saying about bitcoin itself, the point of bitcoin is not to be worth 10k dollars or 100k dollars or a million dollars, the point of bitcoin to be worth bitcoin and that is what matters, you should not be spending fiat to buy bitcoin and then get rich in bitcoin and sell that bitcoin back to fiat and spend that, it is not what bitcoin was suppose to be created for.

You should get bitcoin and spend bitcoin and earn bitcoin, that is how it should be. Which is why I hope that stock market goes up or down, bitcoin should not be affected by it at all, it should be totally irrelevant from each other, if that happens that would be a lot better for bitcoin to actually move independently from other things.

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The stock market is stocks, shares, bonds, currency and other assets, and the stock market indicators depend only on their demand and prospects. In any case, a very large inflow of institutional capital to the cryptocurrency market has already been noticed, but this does not mean that the end is approaching for the stock market. There is always a company that will keep this market afloat. As an example, Tesla can be cited, which, despite certain problems due to the economic crisis, has shown very stable growth almost since the beginning of August, while only over the last day more than 5% growth in Tesla stock prices can be recorded.

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Bitcoin needs to be ready to take place of fiat currencies first. There is really not that many places that you can spend bitcoin, if there were a lot of places that bitcoin could be used at the very least people could spend it instead of selling it, and people who get it will spend it somewhere else, and just like that we would be like fiat currency and there would be no need for selling and spending that way.

On the other hand right now, people can't spend it everywhere, which causes people to sell their coins to buy stuff or pay for stuff which drops the price of bitcoin. If the economy crisis comes people will need money and they will sell their coins if they can't spend it and which will cause bitcoin to actually go down with other stuff together as well.

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Quote from: StonksStonksStonks on August 19, 2020, 09:24:59 PM

We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.

The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up

Obviously I will like this scenario to happen but when do you think we will see something like that? Because after the crash that we saw the stock market has recovered really quickly as well in the same way that bitcoin has done so, which push the theory that the stock market and bitcoin are correlated even further, which means that as of right now it is more possible that if the stock market crashes then bitcoin will crash with it as well.

Spaffin

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I think that we need to take into account the situation that is happening in the stock market and occurs due to the depreciation of national currencies, as well as due to the fall of the economic crisis, which is strongly affected by the coronavirus pandemic. It is in this difficult situation that many investors are looking for an alternative and bitcoin, as well as other rated cryptocurrencies, are very profitable assets for investment. In addition, for experienced agents and traders, the cryptocurrency market provides tremendous opportunities to increase their capital thanks to the volatility of cryptocurrencies. therefore, I believe that market deals are positively calculated in the cryptocurrency market.

bearexin

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The reasoning is really something a lot more important than people think it is. Right now, there is really no reason why bitcoin should go down or go up without really knowing the reason. If the stock market crashes because something related to the stock market and stock market only, that would mean bitcoin price could go up and go up like crazy, but if we are talking about something that affects the economy in general and all the humanity, that means the price of bitcoin could go down as well.

A market crash in stocks due to some insider trading scandal that puts some bankers in jail (LOL I WISH!) could maybe cause the market to collapse, but it would only be regarding stock market, whereas if we are talking about pandemic for example it can effect bitcoin too.

Reid

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It's difficult to tell.
There is no fact about it. So many possible ways into why bitcoin went up and we don't even know if that really came from a stockholder just switching his investment.

It's a factor though, high chance.
Since stocks will go down they must find an escape pod and bitcoin could be the answer.

peter0425

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Quote from: Rana590 on August 22, 2020, 11:03:29 PM

Quote from: proudhon on August 21, 2020, 07:56:13 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.

It may fall to 10,000 because there might be a correction because the Bull finally come back and move us to greater value.
remember that this is volatile market and it can change at any time.
and 15,000$ is a peanut it the effect of halving finally effect the market.

Janation

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Quote from: Rana590 on August 22, 2020, 11:03:29 PM

Quote from: proudhon on August 21, 2020, 07:56:13 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.

Rana590

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Quote from: proudhon on August 21, 2020, 07:56:13 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.

Yaunfitda

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Quote from: GreatArkansas on August 21, 2020, 07:47:36 AM

Quote from: Yaunfitda on August 21, 2020, 07:24:33 AM

There's a whole speculation that stocks and bitcoin are somewhat correlate, in which as you have describe. But probably that's one part of the equation, investors are constantly shifting funds around and putting where it can grow.
(....)

On this part, what can I say is it is really difference on how the stocks and Bitcoin are correlate to each other. But it's right, only pure SPECULATION. This is also what I noticed before and keep asking about the correlate part of these two but as time goes by, I started to understand somehow they don't really correlate (for my own opinion).
For now, for what I am experiencing on Bitcoin, Bitcoin is just being a Bitcoin, a huge volatility, and parabolic run is always possible, just like what happened last 2017 end of the month to 2018.

There's no such thing as parabolic run, well it could be bullish at times but a continue growth is not possible and as you have said, it ended in 2018 and goes on a long bearish trend.

@exstasie - then kwukduck will be proud of @Proudhon, yeah we missed that guy but it seems that we have some replacements but no one can match the legendary kwukduck. So bull run 2020-21 for us? Grin

exstasie

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Quote from: proudhon on August 21, 2020, 07:56:13 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.

What a sight for sore eyes. Proudhon is back!

He's like the bear troll with the Midas touch. When he predicts doom, the price moons. Get ready for a bullish 2020, everyone. Tongue

Now if only kwukduck would make an appearance.....

STT

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Stocks crashing when dollars are weak is not especially likely when most large stocks are invested globally so with a good income across the world in many currencies. They share some correlation to Bitcoin which is also globally distributed across multiple nations currencies and populations, its a resource because it allow people in one country to touch base with an entire world economy not just their own national situation.

Most value considerations I see like a weighing scales, it takes alot of imbalance to cause a crash so theres a rush to capture value elsewhere. The most obvious scenario is stocks sell to cash to pay off bills, that immediate requirement is less likely without defaults and deflation. Bitcoin needs more yield to have a strong divergence.

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Quote from: semobo on August 21, 2020, 11:09:19 AM

Its just a conspiracy theory but I don't see much people are selling their shares to buy cryptos and bitcoins, now only people started to see it as an alternative to traditional investment so it will take lot more time for people to get convinced.

We will not know who are those people are selling stocks.

Financial institutions are starting to see the importance of bitcoin. They're being aware that it could be big as they could imagine.

Quote from: semobo on August 21, 2020, 11:09:19 AM

And I don't really want to stocks to go down and it won't go either because without any economic activities there is no point of having a currency.

Economy will remain regardless of the condition, for example, the pandemic.

Why it won't go down? as you see, there were news in the past that tells about stocks plummeting. But the same as bitcoin, they won't be like that for a long time.

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