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Topic: This time when the stock market crashes, Bitcoin will go to moon! (Read 761 times)

full member
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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?
legendary
Activity: 3122
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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.
We cant really make out conclusions basing of on presumptions and kind of views and we have already seen that stock market did really experience some depression or dumps but
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.
legendary
Activity: 2534
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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.
legendary
Activity: 2282
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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?

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.
hero member
Activity: 2688
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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?
legendary
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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.
STT
legendary
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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.
full member
Activity: 1638
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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
full member
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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.
hero member
Activity: 2184
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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.
So at least Crypto market did the correction first before the stocks?then we can see the impact in the following days or weeks i think.
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.
hero member
Activity: 1722
Merit: 528
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.
Price is okay for this time. I told above that we can make bitcoin in our sweet well if we support it strongly. But yes, bitcoin can up or down any time as it is the basic rules.

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.
full member
Activity: 2548
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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.
So at least Crypto market did the correction first before the stocks?then we can see the impact in the following days or weeks i think.
Or i miss the point?stocks and crypto both have same correction at the same time?
legendary
Activity: 2534
Merit: 1338
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.
legendary
Activity: 3122
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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.
hero member
Activity: 2184
Merit: 531

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.
hero member
Activity: 3164
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www.Crypto.Games: Multiple coins, multiple games
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.
hero member
Activity: 2660
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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, $9k will be a great time to enter again.
legendary
Activity: 2912
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I don't think there is direct connection between stock market and Bitcoin price. Currently there isn't the best time for stock market, although I wouldn't call it a crash, but we also have Bitcoin price correction it fell under 11000$, so your theory isn't quite right.
legendary
Activity: 1806
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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.
legendary
Activity: 2730
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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. 
sr. member
Activity: 1554
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Sounds convincing and I partially agree with it. Due to pandemic stock are drastically decreasing along with that some big companies are closing. If this continues, investors will have no doubt of moving their investment to cryptocurrencies without any hesitation. And if this situation really happens, Bitcoin and other cryptocurrencies will surge which we practically have seen in the last few months.
legendary
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Whoopsie Stonks, guess this time Bitcoin decided to follow the stockmarkets again yeah? Way of them to go so high and then take THAT tumble yesterday (or was it the day before now? Everything's blurred to me now).

Don't worry though, still doesn't mean much in the long term. Equity reacts on crashes is all.
legendary
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Let's hope that bitcoin market could handle another situation like this because we are talking about a situation where stock market crashing very frequently and if it crashes once again it is not just the investors of those stocks that is losing money, we are talking about the whole companies bankrupting and all market crashing so those profits erode as well and assets do erode as well so basically a ton of wealth suddenly evaporates suddenly.

This is why I would like to see stock market not crashing that frequently, it may be caused by the super rich peoples greed basically taking over everything but I still do not want them to crash, because when they crash all of the economy gets affected by it and we go down along with them. So, let's hope that doesn't happen anytime soon.
Yeah, stock market crashing has levels as well, which one are we talking about? Sometimes market crashes just a bit, has a bad day, those things happen like once a month for sure, it is pretty common, it is not as volatile as crypto market but it certainly has its own bad days as well, during those days bitcoin could go up easily, they are totally unrelated in that regard, their bad and good days do not have to be on the same day.

However if we are talking about these HUGE crashes, they should be around the same time, whatever hurts the stock market so much, usually hurts the crypto market as well and look at this year, when we went down a lot stocks went down too, when we recovered they recovered as well so we could totally say that pandemic effected both of them equally.
STT
legendary
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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.
legendary
Activity: 2534
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I do not agree with this in general, strong stock market means strong economy, strong economy means a good life, a good life means not having to worry about money and not having to worry about money means there is enough to save aside at the end of every month.
I have seen studies in the past that found out that a strong economy does in fact means we have a strong stock market but that having a strong stock market does not necessarily means we have a strong economy, what this means is that the stock market could be doing well and the economy could be performing badly and that is exactly what we are seeing, the stock market recovered at an impressive speed because all of those that have capital decided to invest in the stock market instead of creating new businesses and while we cannot blame them as things are not looking good at the same time this means that sooner or later the stock market will go down again as the divorce between the markets and the economy cannot continue for long.
full member
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Stock market exchange can crash especially that with bitcoin and other crypto trading is now possible and more volatile than stock market exchange. This will not going to happen quick but little by little stock market trader will transfer to crypto market trading. There are already reported that some stock market trader are now in both in crypto tradind and stock market and others completely left stock market to join crypto trading.

This is the new trend now in doing investment. It is easy and income generating like having a passive income. But the risk is still there and that losses will going to happen in this kind of investment.

Talking about passive income, cryptocurrency may almost had it all if one knows when to invest and when to sell. Bitcoin is really that volatile and simple and easy analysis will going to apply for long term and short term goal crypto holders but if it is about trading then it would be difficult however professional trader had been doing this and they earn income to day trading.
plr
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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

It took a pandemic for these investors to make a big switch, it's more like a domino effect, when the news of the pandemic broke out, investors are looking for some haven to transfer after they liquidate and so they find Cryptocurrency , when things are not looking good every one is looking for the best option, and they find Cryptocurency as their best option.
sr. member
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Let's hope that bitcoin market could handle another situation like this because we are talking about a situation where stock market crashing very frequently and if it crashes once again it is not just the investors of those stocks that is losing money, we are talking about the whole companies bankrupting and all market crashing so those profits erode as well and assets do erode as well so basically a ton of wealth suddenly evaporates suddenly.

This is why I would like to see stock market not crashing that frequently, it may be caused by the super rich peoples greed basically taking over everything but I still do not want them to crash, because when they crash all of the economy gets affected by it and we go down along with them. So, let's hope that doesn't happen anytime soon.
hero member
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Not completely but there will be some transfer of the total marketcap from stocks into the cryptos especially the one who cashed out in February 2020 because now they can buy the same amount of stocks with the profits itself and can invest the remaining on cryptos...
legendary
Activity: 3052
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I do not agree with this in general, strong stock market means strong economy, strong economy means a good life, a good life means not having to worry about money and not having to worry about money means there is enough to save aside at the end of every month.

When people have enough money to save and invest that means some of them will pick crypto and bitcoin prices will go up, however when stock market crashes that means people lose money and companies fire people and some even bankrupt, when that happens there are less people with money in their pockets to save and that means they will sell their crypto to pay for stuff. So, as you can see it doesn't 100% mean they are connected but there is a bit of connection between stock market and crypto market even if we do not want to.
full member
Activity: 2324
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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

Not many of us, there are weak hands that dump their shares whenm the news of the pandemic erupted, this is expected when the going gets tough the tough are the only one who gets going, only those who are truly believers and Technology movers are the one who keep up and support the market on it's trying times, it sustain the market and move forward until we are in a current position.
hero member
Activity: 1218
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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

If you see during the last 4-5 months for crypto it has only risen like it was below 10k levels and was finding it difficult to surpass 10k levels. But during this pandemic only it had crossed 12k levels as well and though it could not sustain much above it and fall back to current price of 11700$. But this shows that bitcoin will continue to boom irrespective of the tough time the world economy is going through and infact people are believing and investing in crypto continues to happen.
sr. member
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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.
it is indeed mate,the problem about how we can spread and use Bitcoin is the limited chances,we only have Trading to make it circulate
 and minimal ways in payments as the availability of acceptance is really fewer,most of the time it needed to be convert first into fiat
before letting it to be spend
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.
actually we are economic crisis now but the search and looking for option is there and part of it is Bitcoin and other cryptos.
Meaning we can expect both part,some will convert to fiat because of unavailability to get use and others will Buy Bitcoin because they can use in their country.
hero member
Activity: 2828
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Bitcoin adoption increase as the pandemic closes some door in local stock investment, closes of many establishments, and limited use of fiat money. People are now seeing online investment seems too good and another way to find a source of income. They'll come into Bitcoin investment for they know that this could possibly save them from being jobless and being bored staying at home but rather to spend time in trading or whatever it is.

The fact the Bitcoin surge is because the demand increases and more people have found it out. They never realize it before as the stock market still hot and really promising but for now, it twisted their minds but consider crypto as a big opportunity.
sr. member
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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.

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.

Stocks are recovering from the fall and currently they moved the same as bitcoin so its hard to say that if the stocks goes down again, bitcoin will hit the moon.

Stocks are also a profitable market and if the investors sees a cheaper stocks I’m sure they will not switch to bitcoin easily, they will buy that stocks because they know it will rise again and it happened.
sr. member
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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.

I'm pretty sure that those who have eyes on Cryptocurrency but not yet invested until they can prove that Bitcoin is not a bubble will now believe and affirm it that Bitcoin, is a good and safe investment they will included it now in their portfolios, but we cannot force stubborn people like the likes of Buffet to invest. if we can get half of them here in this market we are all good.
Agreed on the statement, because of the pandemic people were sure of the growth decline in all sectors. Stock too isn't an exception of the same. The stocks dropped very big, same as stocks is the prediction upon bitcoin. To the expectation there is good growth and this happened in a gradual manner. This might add more trust upon bitcoin from the common people who are used to traditional platforms in large scale than the technology based development.
sr. member
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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.
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.
Price is okay for this time. I told above that we can make bitcoin in our sweet well if we support it strongly. But yes, bitcoin can up or down any time as it is the basic rules.
sr. member
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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.

I'm pretty sure that those who have eyes on Cryptocurrency but not yet invested until they can prove that Bitcoin is not a bubble will now believe and affirm it that Bitcoin, is a good and safe investment they will included it now in their portfolios, but we cannot force stubborn people like the likes of Buffet to invest. if we can get half of them here in this market we are all good.
legendary
Activity: 2534
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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.
I think that the expectations of the stock market crashing and then the market of cryptocurrencies going up as a result of this are unrealistic, now that institutional investors are coming to this market it is safe to assume that they have positions in both markets and if there is a crash in the stock market you can be sure that many of those institutional investors will decide to sell their coins not because they have lost their faith in the market but because they need the money, and when there are so many people trying to sell at the same time then it will be completely natural for the market of cryptocurrencies to crash, which is exactly what we saw in March.
legendary
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Due to the scenario that OP shows that it is possible and forced at the same time, if a global collapse occurs it is not that everyone takes refuge only in Bitcoin, also in gold since it is the safest haven asset, bitcoin is a safe asset in the countries With high inflation, if a global economic catastrophe occurs, where the particular economies of those countries can benefit the most.
hero member
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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.

Quote
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.
full member
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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.

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.
sr. member
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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.
sr. member
Activity: 1372
Merit: 261
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.
legendary
Activity: 2576
Merit: 1043
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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.
legendary
Activity: 2716
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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.
full member
Activity: 1162
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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.
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.
full member
Activity: 1372
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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.
legendary
Activity: 3710
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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.
legendary
Activity: 2534
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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.
full member
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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.
full member
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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.
hero member
Activity: 3052
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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.
sr. member
Activity: 2618
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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.
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.
hero member
Activity: 1722
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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.
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.
sr. member
Activity: 1750
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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.
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.
hero member
Activity: 2870
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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.
(....)
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
legendary
Activity: 1806
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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.

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
legendary
Activity: 4102
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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.
hero member
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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.

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.
legendary
Activity: 2968
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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?

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.
legendary
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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.


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.
legendary
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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.
full member
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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.
full member
Activity: 1498
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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.
legendary
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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. 
full member
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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.
hero member
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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.

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.
full member
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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.

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 .
full member
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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.
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.
legendary
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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.
legendary
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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.
(....)
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.
hero member
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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.
hero member
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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.
legendary
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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.


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.
sr. member
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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.
hero member
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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.
legendary
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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.

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.
hero member
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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.
hero member
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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.
hero member
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I have noticed the drop in stocks lately and it also dropped bitcoin but it isn't too long that bitcoin has recovered afterward.

And many speculators did believe before that bitcoin and stocks are correlated but we're already seeing that it's not this time. No doubt that bitcoin is on its road to mooning and it's not that long.
hero member
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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
Being optimistic isnt bad but dont really hope that much because we wouldnt know on what actually is happening beyond those events.If you do saw that huge number of coins
moved them off the exchange then you wouldnt know on whats next neither those are solely hold for long term or just a typical short time buy and sell.

People cant really avoid on making up speculations from time to time and when they do saw traditional markets is declining then primary thing that will come out into their
minds that funds might be flowing next into crypto market which is plausible but not an assurance.

Traditional investors would really be always keen on putting up money into something which isnt regulated and a very volatile one.
legendary
Activity: 1806
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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

Ah, the old "it'll be different this time." Tongue

It was only this past March when stocks and BTC crashed together. Ever since, they've been pumping together. What has changed since then?

I don't expect stocks to dump and BTC to pump. I think they're both back in bull markets.
hero member
Activity: 2716
Merit: 552
Well, that sounds reasonable considering how Bitcoin's price wasnt affected by the current pandemic. A lot of investors might switch to cryptocurrency than staying in a crashing market, but that's not automatic since there were also investors who's taking advantage on the stock market crash buying at a very low price and harvest their profit once the economy recovers.
However, regardless of what the stocks and gold's market situation, Bitcoin has always the potential in rising up to the moon.
sr. member
Activity: 2030
Merit: 323
You can't guarantee what the people with stocks might do, they may stay with stocks and buy even cheaper because lets face it if you trust your investment and the company you invested will get better and recover that means a fall is actually a great thing so that you could possibly buy stocks cheaper and let the company churn up profits after profits.

However if you think that crypto will go up during the next crash, that is also totally up to bitcoin people as well and nothing else. If people realize that they could just not sell for a while and when things recover we will go super high instead of just recover to what we were, that would mean everybody will profit a ton. However for some reason people do not think of it that way. So, let's see what will happen but I am not hopeful.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
When the stock market crashes, it switches to bitcoin because a significant increase makes investors willing to move it and leave the stock market that is down, maybe because the trend we can follow is therefore I believe bitcoin will go in the direction that is not necessarily much expected everyone regardless of the bulls until recently, the price continued to hold in the 11.7k-12k range indicating bitcoin will be more desirable.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
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
during the pandemic, almost all stocks fell drastically there were even some large companies closing most of their companies, but in contrast to the price of gold and bitcoin skyrocketing slowly, we realize that bitcoin is not the same as stocks but can be called a digital asset, maybe many people are selling their stock and buy it bitcoin or gold., I believe also bitcoin is heading in one direction which is the moon
jr. member
Activity: 50
Merit: 14
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
legendary
Activity: 2940
Merit: 1083
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.

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.
jr. member
Activity: 50
Merit: 14
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
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