This time when the stock market crashes, Bitcoin will go to moon! - page 4.

buwaytress

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To be fair, that March crash affected practically every asset out there. Stocks crashed, as did Bitcoin, and yeah, Bitcoin did a swift recovery after that, but so did stocks, really. Printing more money in the US, why wouldn't stocks just go up too right?

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.

I'm not normally keen to disagree with bearish sentiment but I don't think euphoria alone is responsible for this. And I don't think there really is huge euphoria just yet (not for Bitcoin anyway) cause we'll all know when it's here.

exstasie

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Quote from: Poker Player on August 21, 2020, 03:05:19 AM

Quote from: pooya87 on August 21, 2020, 12:13:38 AM

the only reason why bitcoin price dropped during the worldwide panic was that the bull market hadn't started yet and price was stuck behind a rather strong resistance and couldn't break it. so the tendency to drop was already there and whales took advantage along side the panic sell.

if another similar crash happens during the bull market it won't affect bitcoin at all. it will just lead to some whales losing a huge amount of money trying to go against the market just like what happened during 2017 and bankrupt many whales.

What you are saying is quite reasonable but I am not so sure about it because, after all, bitcoin today is conceived as an asset by most investors. A volatile, high-risk asset. Not a currencý, not the best store of value, but an asset.

What happened in March is that investors, faced with the catastrophe that was coming, sold all kinds of assets en masse to obtain liquidity. That is why everything went down, not only the stock market and bitcoin, but also gold.

And that can also happen again, no matter what the tendency is.

Astute observation regarding the liquidity vacuum that emerged in March. I totally agree.

However, with the NASDAQ and S&P 500 trading at all-time highs, with gold trading at all-time highs, I believe the market has already priced in the COVID-19 fallout and is indicating it trusts the Fed to provide a floor for the market. It smells like a new bull market, as sickening as that seems given the underlying fundamental context.

That floor will apply to BTC as well, since this question is really about overall investor risk tolerance across all markets. Sharp corrections will occur, but I think pooya87 is correct that they will be reversed relatively quickly and will show in hindsight as bear traps.

bitgolden

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I would totally understand why the price would go down during the pandemic, there is really not that many shocking situation because let's face it nobody knew what is going to happen. We were told that there is a disease out there that could kill us if we go out and even if it fails to kill us and just make us bed ridden and breath difficultly, it could kill someone we love if we infect them.

So, the whole world stayed inside their houses for at least 2-3 months, sure some people went out anyway because groceries were needed and so forth and what not but we are talking about only a limited outside access. When you tell the whole world to stay at home obviously they will sell their gold, their stock, their crypto basically anything they could and sell them to make sure they can survive for months.

rodskee

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

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

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

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. 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.

Traditional investors are wise and they will find ways to continue gaining in what situation might be
there inside the market that they are doing their business.
We need to consider that stocks traders are also monitoring every potentials from other venues of
investments, some of them might be inside now
Playing with the whales and some are still doing research and deeper studies in regards on handling
volatilities, we can't assume but we can expect their participation in due time.

semobo

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

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

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.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.

Febo

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

This time when the stock market crashes, Bitcoin will go to moon!

No. Bitcoin will crash together with stock market. Bitcoin will go to the moon only if stockmarket will grow or at least be stable. When stock market crash happens people will need money. 1 to buy cheap stock. Or to simply live. Stock market crash also means people losing jobs and people spending less.

As we see right now they will defend stocks no matter what. Democrats, Republicans, whoever. Bitcoin will continue and finish bull market and there will be no stockmarket crash until then. We might not even see stockmarket crash in this decade. We will have Bitcoin bear market and another bull market until then.

Ridwan Fauzi

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Panic selling will always be happen in any time especially when the price has been increased moreover climbed sharply we will another dump can be happen and it is happening now. Most people still tempted to the short term profit and they will always buy the hyip come back again.

It will be different with the instutional investor or someone who knows the investing properly, they will look to huge amount of return whatever how long it will. At least for those who sell bitcoin in this situation they're already know how the potential it is and yeah that is their strategy we can't blame them.

arwin100

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Quote from: reliable on August 21, 2020, 08:36:56 AM

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.

It may fall back or not that we need to see as the time passes, but again bitcoin has that bounce back ability and will be back again above 10k levels. Only thing the time factor is what needs to be considered as now it seems it is trying to move above 12k but not finding much resistance at those levels. Maye climb till 13k as well once we have some support passing at 12k .

This scenario is not surprising at all since we already so many of this, there are so many times that we see some major upset and people got panic but we should remember that after a dump the huge pump will follow and for sure weak hands are crying since some of them sell their balances even if they are at loss and those knowledgeable are earning huge bucks today.

reliable

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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.

It may fall back or not that we need to see as the time passes, but again bitcoin has that bounce back ability and will be back again above 10k levels. Only thing the time factor is what needs to be considered as now it seems it is trying to move above 12k but not finding much resistance at those levels. Maye climb till 13k as well once we have some support passing at 12k .

Johnyz

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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.

Bitcoin might go down below $10k again but it wont last on that price level, for good is to create panic. You have to accept that bitcoin is gold, and it continues to rise of over time. The stock market crash can't bring bitcoin go to the moon, we need the mass adoption so by this we can reach a new all time high. People are switching to gold, its good if they choose bitcoin market as well so we can benefit from the stock market crash.

proudhon

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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.

GreatArkansas

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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.

Jating

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

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

And then the same people are going to sell off and move the funds to stocks again, vice-versa. And that's how smart investors or hedge funds managers do. Why not new money coming in not from stocks? New blood seeing that bitcoin is the only asset for now that can make their money grow in the next year or two?

We shouldn't look at stock people though, what we need is more investors to really fuel the next bubble. Or even average joe or people who are willing to hedge their wealth on BTC right now.

Yaunfitda

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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. However, I don't see that we need stocks for bitcoin to moon though. And maybe there is one correlation that we need to look at, that is both markets going on a bull run in 2021 despite the pandemic still lingering.

Poker Player

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Quote from: pooya87 on August 21, 2020, 12:13:38 AM

the only reason why bitcoin price dropped during the worldwide panic was that the bull market hadn't started yet and price was stuck behind a rather strong resistance and couldn't break it. so the tendency to drop was already there and whales took advantage along side the panic sell.

if another similar crash happens during the bull market it won't affect bitcoin at all. it will just lead to some whales losing a huge amount of money trying to go against the market just like what happened during 2017 and bankrupt many whales.

What you are saying is quite reasonable but I am not so sure about it because, after all, bitcoin today is conceived as an asset by most investors. A volatile, high-risk asset. Not a currencý, not the best store of value, but an asset.

What happened in March is that investors, faced with the catastrophe that was coming, sold all kinds of assets en masse to obtain liquidity. That is why everything went down, not only the stock market and bitcoin, but also gold.

And that can also happen again, no matter what the tendency is.

Reatim

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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

Very favorable thoughts for all Bitcoin Holders because this seems to be a promise that in due time Bitcoin will rise while stocks will dump.
But i don't see any good reason why stock investors needs to transfer their money inside crypto when the stock market is doing also great now?
personally it is like someone will say that Bitcoin holder can do the reverse of this that he will sell His Bitcoin just to transfer in stocks?
sorry mate i am a Bitcoin holder but i don't want to be mislead again nor i don't want to expect more than what market can bring me.
if this happens then i will be thankful but for now?I'm ok what the movement of this market is giving me.

maydna

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Perhaps, stock market crashes because of this pandemic, and the economy in many countries is not stable too. That makes people who invest in the stock market want to have money, so perhaps, they sell their investment in stock to get their money back. But for a long time, I think both the stock market and the bitcoin market will go up again. For Bitcoin, the price will go to the highest price, especially if the bull run comes to make a lot of money. I am waiting for bitcoin price to surge higher, and I don't think much about the stock market.

pooya87

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the only reason why bitcoin price dropped during the worldwide panic was that the bull market hadn't started yet and price was stuck behind a rather strong resistance and couldn't break it. so the tendency to drop was already there and whales took advantage along side the panic sell.

if another similar crash happens during the bull market it won't affect bitcoin at all. it will just lead to some whales losing a huge amount of money trying to go against the market just like what happened during 2017 and bankrupt many whales.

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

2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet.

you have no way of knowing that. just because some shitty site shows a movement and calls that a "whale" it doesn't mean it is real. that is $200 million you are talking about and i don't know any bank that allows you to transfer that much money to a bitcoin exchange to buy bitcoin with it! they will shut down your account in a blinking of an eye the moment you create the request.

Wexnident

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Stock market crashing or not doesn't really matter to Bitcoin tbh. Bitcoin would go to the moon whenever it wants, and there's no need to relate it to what happens on the stock market. I fully believe that Bitcoin would closely move to the moon at the start of the end of the year, though I also believe that the stocks would do everything to come back to where they were pre-pandemic, or even exceed that. If stocks were to continue plummeting at the rate similar to what happened at the start of the pandemic, then that would be quite odd. Most process right now is returning to normal, ever slowly that is, but still returning. That should warrant enough breathing space for companies to slowly recover.

Janation

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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

I don't care whether the stocks drops again.

Its not that most of my investments are in stocks right now, its on Bitcoin and other cryptocurrencies. This pandemic is really proving how good it is to HODL cryptocurrencies. We don't know what will happen, all we know is that the price is in good place and it might even break the barrier at $12K. Drop or not, I will not take out my money on these.

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