I started to frequent alot of stock forums and the general consensus is that most people are only looking to buy "cheap" stocks. Basically if a stock was $100, and now is $75, they aren't interested in it. Most are looking to buy hotel, restaurant, airline, oil stocks which are trading below 50% of their ATH value.
So with bitcoin its the same. People will see how it was $10K back in Feb 2020 and they will see it at $6.5K now and assume its too expensive and wait until it goes maybe to $4k or below. Seems people are only looking for deals and want 100% profits instead of 20% profits like during the bull markets we had earlier.
Topic: Three economic signals that indicate that Bitcoin will see an increase (Read 282 times)
March 31, 2020, 12:06:35 AM
March 30, 2020, 11:34:28 PM
Yes, people see the dump in Bitcoin's price as negative and has panic selling their stocks but, for me, I see it also as an opportunity for investors to buy a lot of stock of Bitcoin that would be great for the standing of Bitcoin because, it will mean a lower supply that will cause a higher demand for the coin. Greater things happens we least expect it, we should trust Bitcoin because, the halving event would surely affect its supply. Bitcoin has a great future.
March 29, 2020, 03:15:24 PM
In order for people to move towards bitcoin you have to have these people actually seeing bitcoin as a savior and not something they have no idea about. Which means you have to create some sort of public awareness for bitcoin and that is just not there at the moment.
Definitely, it could get affected a bit, sure it will be affected by whole lot on the next one when people see what happened to it on this time, but it is just not there for right now. Could it work a bit? Sure it could work for a bit, but that would bring the price up to 10k at the best case scenario and not to a whole different level, it is not going towards that all time high price that has been elusive for so long. Long story short we are still doing alright, but we are not doing alright by THAT much.
Definitely, it could get affected a bit, sure it will be affected by whole lot on the next one when people see what happened to it on this time, but it is just not there for right now. Could it work a bit? Sure it could work for a bit, but that would bring the price up to 10k at the best case scenario and not to a whole different level, it is not going towards that all time high price that has been elusive for so long. Long story short we are still doing alright, but we are not doing alright by THAT much.
March 29, 2020, 12:38:56 PM
Obviously yes, after the huge dip in stock markets people now might give prior to crypto currency. Even in this tough situation crypto is doing good, when compared to stock market. However we all know how extreme is the volatility of crypto, also BTCs pump is not associated with stock market prices it depends on how the people buy and sell there is no control in crypto that's why I'm calling it unpredictable...
March 29, 2020, 11:04:03 AM
I don't think volatility on stock market will push the investors towards cryptos but it recovery time might be.People who think about their asset values on the financial crisis are not under their control might move them as well.
I too believe that stock players move to the crypto market for whatever reasons in near future.
I too believe that stock players move to the crypto market for whatever reasons in near future.
March 29, 2020, 08:04:05 AM
The stock market hasn’t exactly been smooth sailing over the last little while with swings of more than 1,000 points. This volatility is pushing investors to look for other places to put their money. This could mean big things for Bitcoin shortly.
Here are three economic signals that indicate that Bitcoin will see an increase: https://itsblockchain.com/bitcoin-eoconomic/
Do you think that volatility in the stock market will push investors into Bitcoins' open arms?
Here are three economic signals that indicate that Bitcoin will see an increase: https://itsblockchain.com/bitcoin-eoconomic/
Do you think that volatility in the stock market will push investors into Bitcoins' open arms?
So the investors will move away from stocks,because of their volatility,and buy Bitcoin,which is even more volatile than stocks?Pretty stupid logic,if you ask me.
This is some bullish analysis that servers more as a propaganda and building optimism and confidence among the crypto traders,rather than an actual analysis.
Saying that weakening the global economy,increasing unemployment and decreasing mortgages is a good sign for Bitcoin seems like a completely wrong conclusion.
March 29, 2020, 06:56:16 AM
I got confused about what the author of the article is saying:
When did bitcoin become a stable asset? We all know for a fact the bitcoin is very volatile, that's why old and traditional stock person doesn't want to invest on it.
Quote
Altogether, these three signals show that the global economy is weakening, even as older stats show strength. They’re heralding a massive weakening, and it’s likely that investors will start to flee the stock market in favour of a more stable asset, like Bitcoin. Yes, at this point in time Bitcoin is actually acting as a safe haven for investors – and there’s a reason why.
When did bitcoin become a stable asset? We all know for a fact the bitcoin is very volatile, that's why old and traditional stock person doesn't want to invest on it.
March 29, 2020, 04:43:47 AM
When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
Some also ride with it. Like the Bitmex accused of liquidating funds of millions of traders. Well of course they will deny it. Those who like the crash seems been granted an opportunity to buy those cheap orders. Well Snowden is smart, to mentioned it as a possible bounce back is occuring. If he did buy during the lowest crash then he is up by more than 40% profits already.I do hope bitcoin can recover but in a steady movement. But charts showing a tight support.
March 26, 2020, 02:11:15 AM
When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
Some also ride with it. Like the Bitmex accused of liquidating funds of millions of traders. Well of course they will deny it. Those who like the crash seems been granted an opportunity to buy those cheap orders. Well Snowden is smart, to mentioned it as a possible bounce back is occuring. If he did buy during the lowest crash then he is up by more than 40% profits already.I do hope bitcoin can recover but in a steady movement. But charts showing a tight support.
March 25, 2020, 06:59:35 PM
When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
I dunno. There won't be shocks of that magnitude again of course, that can only happen once every few years, but I'd rather that than a slow fart downwards from hereon out which is quite possible.
There's a lot of potential grind ahead and a lot of jolliness has just flown out the window with little idea of when it'll return. I will hope for the best and expect the worst.
March 25, 2020, 06:24:45 PM
About stocks. Many people wanted to buy the dip a month ago and got burned on stocks because this wasn't your typical 5% dip. It was followed by another 5% and another.
When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
March 25, 2020, 04:49:44 PM
I don't think that the author had any clue about investing or at least isn't aware of the current situation. The stock market and other traditional markets have been unappealing for a long time but this time is the best to join and buy stocks and other assets that have been exposed to massive selling since all of them now can be bought at a discount, this is the time when they saying "Be greedy when others are fearful" apply since you can take advantage of it. The article pointed out a lot of thing unfortunately it fails to give a good reason why all the reasons he wrote would translate it from traditional investors shifting to new markets like the crypto market, even now where Bitcoin somehow had a breather it still not the best time to jump on board if you haven't bought it around the sub 5k level area.
Right now is not a good time to buy stocks. Probability that this was the bottom is less than 10%. Many companies just recently decided to close their doors or stop production. Stocks will fall much further. If Bitcoin stabilises and slowly returns to 8-10k which is not a big deal at all from current levels, investors could enter this market. Not day traders because trading Bitcoin is considerably different to trading stocks. But investors, yes, I can see that happening.
However if week hands capitulate here and Bitcoin drops to 4k again, this would extend the bear market by another 2 years I'm afraid.
March 25, 2020, 03:57:12 PM
Just look at the 28-month bear market, and the way bitcoin crashed after the coronacircus started. Bitcoin crashed more than any other asset on Earth.
actually, delta airlines and a whole bunch of other mid/large cap stocks on the NYSE fell 70%---more than BTC. that puts a new spin on things: BTC held up better than some large cap equities! we're in the big leagues now.
altcoins also fell harder than BTC, obviously. LINK fell 70%, others even more.
BTC is still holding up better than the 2014-15 bear market. 87% decline during that time vs 84% this time.
March 25, 2020, 02:14:40 PM
Three economic signals that indicate that Bitcoin will see an increase...
...in bear activity.
First: bitcoin is relatively unstable. Just look at the 28-month bear market, and the way bitcoin crashed after the coronacircus started. Bitcoin crashed more than any other asset on Earth.
Second: the halving is around the corner. With it, will come all the false hopes fueled by the hodlers cult (tm) which, experience tells, always results in crashes. There will be a halving of the difficulty, a halving of miner profit and a halving of the price caused by derivatives, which gives us a boost in bear activity.
Third: covid-19 is a nightmare, specially for bitcoin. As explained above, bitcoin fragility in face of the coronacircus worldwide panic showed the bears are here to stay, and we will have a eternal, permanent bear market.
So yes, I agree with the article. Its pretty good and solid. HODL.
...in bear activity.
First: bitcoin is relatively unstable. Just look at the 28-month bear market, and the way bitcoin crashed after the coronacircus started. Bitcoin crashed more than any other asset on Earth.
Second: the halving is around the corner. With it, will come all the false hopes fueled by the hodlers cult (tm) which, experience tells, always results in crashes. There will be a halving of the difficulty, a halving of miner profit and a halving of the price caused by derivatives, which gives us a boost in bear activity.
Third: covid-19 is a nightmare, specially for bitcoin. As explained above, bitcoin fragility in face of the coronacircus worldwide panic showed the bears are here to stay, and we will have a eternal, permanent bear market.
So yes, I agree with the article. Its pretty good and solid. HODL.
March 25, 2020, 12:46:36 PM
I don't think that the author had any clue about investing or at least isn't aware of the current situation. The stock market and other traditional markets have been unappealing for a long time but this time is the best to join and buy stocks and other assets that have been exposed to massive selling since all of them now can be bought at a discount, this is the time when they saying "Be greedy when others are fearful" apply since you can take advantage of it. The article pointed out a lot of thing unfortunately it fails to give a good reason why all the reasons he wrote would translate it from traditional investors shifting to new markets like the crypto market, even now where Bitcoin somehow had a breather it still not the best time to jump on board if you haven't bought it around the sub 5k level area.
March 25, 2020, 11:59:23 AM
Yeah, I think so and it had been what is happening since then.
Easy money as they say it with just the right prediction as where it will go.
Actually if someone bought at the 4k mark just weeks ago then they are already making a lot.
I don't much of a capital anymore to buy and I am not also in the mood since I have been gaining little by little since then even with the price that looks like a bloated one.
But, there is always the entering point and this could be one.
If they are looking at the history of bitcoin then it can easily be predicted but let us not forget the risk of course.
Easy money as they say it with just the right prediction as where it will go.
Actually if someone bought at the 4k mark just weeks ago then they are already making a lot.
I don't much of a capital anymore to buy and I am not also in the mood since I have been gaining little by little since then even with the price that looks like a bloated one.
But, there is always the entering point and this could be one.
If they are looking at the history of bitcoin then it can easily be predicted but let us not forget the risk of course.
March 25, 2020, 11:04:16 AM
2020 looks very scary for me starting from bush fire in Australia then political tensions between US and IRAN and now the corona deadliest disease has been a hot topic right now, stock market, crude oil everything has been crashed very badly. So people will found a new origin to make some money, recent stock market sell off will be an added advantage for BTC. however anything can happen as crypto currency is a speculative asset.
March 25, 2020, 06:11:53 AM
Halving won't have ANY effect at all..
Sure, honey.
but really take a rest to THINK what this means..
More people than ever will realise they need to get their money beyond government control.
Why is it so seemingly difficult for people to comprehend that governmentcoins will make the case for Bitcoin that much more compelling?
March 24, 2020, 03:52:07 PM
Do you think that volatility in the stock market will push investors into Bitcoins' open arms?
Limiting the analysis to the stock market will give false results, and we are still in the stage of talking about an unknown health catastrophe. The results for that. Unless this pandemic is resolved, we will continue to provide many guesses that have no meaning.Note that if the Corona virus continues, the price will drop and we may see levels below $ 1,000.
In the event that the Corona problem is solved, the price rise is related to how the government handled this crisis and their success in reducing its risks, and then we can calculate the factors that may lead to a price rise.
March 24, 2020, 02:34:13 PM
Halving won't have ANY effect at all..
~snip~
Yes, I know that halving will not have an immediate effect of pushing the price of Bitcoin to increase immediately, but are you aware that in the long run after halving the price of Bitcoin continues to increase. Even if you look after halving in 2016, a year later the price of bitcoin soared.~snip~
Here I say that halving does not give an instant effect but behind halving occurs there is an effect for the long term at least a year afterwards.
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