Bitcoin Forum

What do you think will happen tomorrow with the BTC (up or down?) if the stock markets worldwide crash again?

I am afraid that the BTC will then go towards 3k or even less. The altcoins will hit it even harder.

I dont know what i should do today, sell all my altcoins?

There's a big chance it will happen like you say, but there's also a chance that Bitcoin's reaction won't be as big, because we already fell quite a lot, and some even say that it was quite irrational and that Bitcoin is oversold. Also, maybe stocks won't crash in one big swing but will keep declining for a longer period of time, and in that case they might be less impactful on Bitcoin's price, as investors won't be making hasty decisions.

It's going to be chaos for a long time before it gets better, unfortunately..

Most markets will crash because all major businesses are effected and many even halted due to this pandemic outgrowth and panic situation globally, regarding crypto market i am hopeful that it will find support and will survive because i think crypto market will have less negative effect on value from here on because it has already dumped the most it can, this is my opinion and i may be wrong but i am hopeful about crypto market recovery.

Maybe. But, bitcoin can do the opposite! There can be two situation here. 1. Bitcoin will crash again, 2. Bitcoin will pump hard. No one have any accurate data on what will happen tomorrow. In such a situation, Anyone have not any confidence about from where Bitcoin will bounce back. Now everything depends on what you want to do.

Nothing change, everyone will continue their activity.

If you feel don't really comfortable holding altcoin, then decide by your self will you keep holding / selling your altcoin.

Try to make your own decision, following other people's advice just makes you confused. That's it's your asset, you should know the reason why buying/selling that altcoin but just don't regret went you make a wrong decision.

QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%
https://www.coindesk.com/qe4-begins-fed-cuts-rates-buys-700b-in-bonds-bitcoin-rallies-7-7


At least the US still has something to cut with regards to interest rates, Europe has been at 0% interest rate for years now (effectively leaving the ECB out of ammunition for this
crisis).

https://i.imgur.com/5xIuqpF.jpg

Source : https://www.global-rates.com/interest-rates/central-banks/european-central-bank/ecb-interest-rate.aspx

Central banks of Australia, Great Britain, Canada, Europe and Japan will have a tough time supporting their economies through interest rate cuts this time around.

I am sure the market will recover and be stable. when compared to other assets, in crypto it is more hard hit. I'm not sure bitcoin will drop below the price of $3k. our community has spread and certainly will not be let to die silly. Bad news makes everyone panic, so it falls into the area of $3k and worse if the price is less than $3k, there must be a harder hit. There are several factors that cause Crypto to fall, one of which reportedly the miners are no longer profitable, if there are no miners, what will happen is Bitcoin stuck. in the near future, bitcoin has to soar and to save miners.

We have not arrived at a point where we could say that the market is now stable. There is likely to be more shake offs. It is just quite painful to see how one of my favourite altcoins to be hard hit.
The volatility of crypto these days seem to be unpredictable. The bottom is yet to be reached.
The aftermath of the stock market is affecting crypto, because it has been proven to be true. So, if that happens again, it will definitely be affected.

Obviously, if the stock market crashes again then it will have a ripple effect on crypto, specially Bitcoin. And since almost all altcoins are hook on Bitcoin's price, then definitely it will be another catastrophic day for the rest of crypto's.

Depends on what altcoins are you holding, on the contrary though, if you have funds around, why don't you take advantage of the situation and buy altcoins? Instead of selling them because you are afraid of what's going to happen, why not just be patience and be calm in this shit-storm? Crypto investments is very different, you need to be really mentally tough in times like this.

If there's a another big news like there was a chaos already because the virus keeps spreading and people are losing their jobs, they are committing crimes, looking for vaccine and food or whatever they need, maybe there's a huge panic again and the stock market will crash, so as BTC.

we are not only looking at $3000 here a possible dump below $1000 is possible.

Seeing the current market situation is indeed very terrible, but rest assured this is only a temporary panic caused by the corona virus but I personally believe this is temporary and will soon recover to normal prices especially Halving soon to arrive, why not buy while cheap

 Obviously, if the stocks will go crash, our economy will also go down again. As well as cryptocurren. Especially that we are suffering from pandemic issues, thus that scenario will possibly happen.
 
 
 We have seen bitcoin last year in $3,000. Why would we panic? If bitcoin will gonna hit that again, we all have a choice to hold and to buy more bitcoin and some other altcoins.
 
 
 It's your own decision.
 If you'll gonna sell it, you'll be deficit. If you will hold and wait for some recovery, you can still benefit from it.
 The problem I am seeing with you is you are lack of Patience and you are Panicking. Have you ever try to chill and wait? We are in volatile market so anything is possible here.

If you are afraid that BTC will fall to $ 3k you can sell it today and the price is still around $ 5.3k.

Of course altcoin will fall even deeper if BTC continues to fall.

All you have to do is don't hold BTC or altcoin, you only need FIAT or syablecoin to make it safer. BTC and altcoin have risks with high price votivity.

Don't panic too much, make sure your goals hold BTC or altcoin, if you do cutloss you will only waste your money. it's not good for you.

this is only for worste case scenario . Well its actually possible but if the virus will stop and many people recover and the covin19 completely gone .then vice versa will happen it will make the price more stable and we can see another green light in the market.

The selling trend is because of the lost income from stocks and other market because of panic.

Yes, that's right, even though a good opportunity was already very open when bitcoin experienced a very cheap price drop, but what I saw some people instead chose to withdraw their assets from crypto for fear of the corona virus that was ravaging the region.

There is high chance that things will happen as you say but what if it doesn't ? You can lose out of you sell all your coins and market failed to crash, it's your coins and you are the only one who can make decision here, I honestly don't let this market bother me, I leave my coins in my wallet

Dont sell it if youre gonna bleed so much with your loses. Its a risk of holding crypto and if you want to get even or earned from it, buy now, since its worth buying.

Market has been devastated already I dont think whales gonna put more show to drag it. Investors all over thr globe are just there and waiting and I believe it will be soon recover in line with the upcoming halving. Slowly but surely is better than a very volatile movement.

As you said, bitcoin will decline as well when the stock market goes down but I can't do anything and can only secure my assets to a more stable one than crypto, at a time when conditions like this are far risky if I hold bitcoin but I will wait bitcoin fell to the bottom again and will buy for the future but at the moment I have not yet thought to buy because bitcoin will fall again.

If the world market will fall, all of them will fall.

Selling coins or tokens that we have when the market conditions are not good in my opinion is the wrong action. The current condition of the cryptocurrency market is also experienced by the stock market or other capital markets so that the crypto market will recover even maybe it can jump higher than before

H O D L like everyone else. I dont think BTC will go down that far... Halving is almost near. BTC will make a comeback.

Possible further dumps in price? Well this is not the end of crypto, infact it's just the very beginning, stay strong and endure, if you can't you should leave right now with your loss, Coronavirus caused all this and it won't last forever

Hm I'm impressed that this is coming from a newbie, I'm sure you've done your homework right, many newbies can't take it to see Bitcoin bleeding simply because they don't understand the technology, this can take longer but things will change for sure

Even many newbies are been involved in the recent dump and I personally noticed some of the newbies selling bitcoins in few minutes after they bought just because they constantly hit their stop loss. The price for bitcoins is rapidly on an descending graph for the current times and hence I feel like most of the professional traders are out of the markets.

The TA isn't working on bitcoins anymore as the current market situations are violating the basic TA rules. Fundamental analysis can predict that the price for bitcoins might experience a major coming dump and the price might be touched to the bottom of $4000 which would take some huge time in recovering but when more people get into FOMO of current cheaper prices of bitcoins, then we may see $10k levels as quick as how it had fallen.

Selling when prices are falling is not the right decision. The conditions experienced by the crypto market today are also experienced by other financial markets and I think this event is only temporary and will recover quickly. Be patient and take advantage by buying good coins at low prices, in my opinion is a good and profitable decision

All financial instrument are connected, the effect like domino, one down another will also falls. That is general prediction could happen but don't panic, you only need to see your stop loss or cut loss, hold is not an option. If far away from stop loss just wait but if reach it never wait to cut loss, that's is your safety and right thing to do. Want more safe just sell all coin you have switch into currency and wait until halving, your choice.

I can suggest you to be in USDT and wait for a specific time to buy as much coins as possible. We might experience a major dump soon which would then be followed by a pump and prices would start getting back on routine. There has been high volatility in the price for bitcoins which has even made a lot of positions getting liquidated on bitmex as well as binance and bybit which is continuously driving the price on the dip.

A lot of big traders have already lost funds in trading which has demotivated others and they have maintained a distance from bitcoins in this time and hence the price is getting dumped. We would soon see each of the markets getting back to routine.

Well, no one can tell in which direction the price of Bitcoin can go. Actually I am in shocked when I woke up last Friday dated March 13, 2020 which is the first Friday the 13th of the year waking up that the price of Bitcoin hit very low from $8,000 down to $6,000 in just an overtime span. But I have soon to realize that this might be the effect of the panic of the people because of the Coronavirus that is spreading at a fast rate affecting many people world wide. But instead of coming up into a panic, I remain calm because being into panic will not help the price to rise up once again and can just give me stress.

I don't think that Bitcoin's price can go deeper into its current price which is $5000+ as of the moment down to $3,000 as what you have expected because there are still incoming volume of demands for Bitcoin usage that is resisting for the price not to go down any further.

In the case of Altcoins, if I were you, I will just keep on holding into it and will not make a move to sell it instead I would grab this opportunity to buy more potential and good Altcoins to hold while the price is still cheap and affordable so that when the price goes up once the market have recovered from its great loss after this matter with Coronavirus have been resolved, I will be benefited because I have managed to store good and potential cryptocurrency coins that will bring profit for me. At this point of time, together with keeping ourselves safe and secure from the virus, we must also do not let ourselves feel panic to avoid doing unnecessary things like doing impulsive decisions. Better keep calm and hold all your cryptocurrencies and just hope for the best thing to happen not just for crypto but as well as for the health care of the whole world.

It will take some time and it's really difficult to handle situations if you are not that much familiar with how the market runs. The volatility will beat you up as the more you see the market falls the more you desire to let go. There's a need of deeper long patience here knowing that there are influences that affecting the market especially this pandemic virus that's still spreading all over the world.

Unfortunately, there may still be big falls, and now you need to decide what to do, sell your altcoins and switch to stable coins or just wait when altcoins will start to grow in price again, but when it will be certainly too difficult to say in the current conditions.

I don't believe BTC is following global stock market crash as it has nothing to do with it except that the investors are losing trust and confidence everywhere due to the fact that almost all types of services have been either stopped or closed due to novel Coronavirus outbreak and during this panic sell, I bet many small investors have sold their coins just to keep some money ready on their hands if emergency situations arise and they need it during the same.

Right now the atmosphere from most people shows there is no confidence in the markets because this deadly virus has crossed boarders and affecting everyone of us which is been reflected on our markets but generally speaking I think the crypto market are not as bad as the stock markets so what we should be waiting for is recovery not another crash.

The price of the crypto market will still be fluctuating. It may increase or drop again to the bottom. this is one of the characteristics of the crypto market. So, never be panic and surprised about it.

Feeling afraid is normal. However, never drive your fear to make you panic and lose control of yourself. Stay calm down. Follow the flow of the market. You may need to take a breath for a moment to feel more relaxed. This is a crypto world. Don't only put your fear at the top.

What happening to you is being afraid to lost all your holdings value and its normal, because anyone who have lots of funds in crypto currency will feel the same way, we can give you advice and suggestions but still the last word is on to you, besides its your funds and if you feel that you are in trouble you have to take actions, but always think before a move because as we always say, crypto is volatile, so good luck to what is your decisions

To be honest if you have that mentality, you shouldn't have invested in the first place when know that Bitcoin is this volatile and risky. What I suggest to you is to relax for a minute, don't involve yourself with cryptocurrency for a month, and just HOLD. Why are you rushing? 2008 stock market and 2018 cryptocurrency have seen worst and we still rose from the bottom.

The corona virus outbreak has caused fear and panic, many people prioritize cash so that they sell their crystalline assets. But hopefully this epidemic subsides so that the market returns to passion

i celebrate wil it happen because this is the time for me to buy more altcoin ar btc if even in forex. because i believe everything is going dump and thats is not stay in very cheapest price.. so we gonna do is still hodling wait for there raised again.

If ordinary markets collapse again for another reason - due to the onset of the global economic crisis, then Bitcoin this time may even strengthen and grow in value. It is in this case that bitcoin can prove to be a reliable refuge for saving people's money from inflation. The current situation with the spread of coronavirus is completely different. People just needed money and they sold bitcoin and other cryptocurrencies. Bitcoin was created in order to resist inflation during economic crises.

Opportunities to those who have a good spare money to invest but those who are hoping that the market will bring them good benefits after holding some assets, this news will kill everything as they will be stuck by holding the assets and continue waiting for the best. This crash bring both emotions and it's up to the investors if how they will treat this situation accordingly.

If the stock market crash most probably crypto market is affected as well just like what happened recently due to covid-19.

The prices of altcoins are somehow recover today. Is that enough for you? If you're contented with the profit you can get then its up to you if you want to sell your alts already. But I think its better to wait further until there's a massive pump happen. We are still in the first quarter and many possible things that can happen unexpectedly so i'd rather wait than sell at this point.

I suggest that if your at loss just hold it. Refrain from making any unnecessary trading. There is no good thing on trading at loss or selling just because the value might go down again. Especially if its altcoins since they are mosr prone on crashing and sometime dying off due to market volatility. Imagine a big firm, makerdao is experiencing huge loss and possible shut down due to craash. But if you have some btc, I suggest dont make such activity.

If this happens globally, like the previous crashes, it will definitely affect the crypto market, but that is only temporary because yesterday we can see a pretty good development in the crypto market, while the stock market has not fully recovered. So don't worry too much, the crypto market will surely recover in its own way.
https://i.postimg.cc/N0F7Wgqf/crypto-market-today.jpg (https://t.me/ico_analytic/1703)
If you're scared, just wait and see until there are good signs, but make sure you are not late and have done a maximum analysis. Discussing with experienced people about it will be more effective than asking random opinions.

Seems your fear didnt't come to past as the price of bitcoin is headed $7K. There are already speculations on the drug for treating the Covid-19, this ought to be some sign of relief to the market. The cryptocurrency market should do very well in the event of another chaos in the stock market.

In my opinion, everyone is ready for the fact that bitcoin can collapse to 3000. If the stock market collapses,
then I am sure that bitcoin will follow after it. This is not a big deal, once again we will get very attractive prices for the purchase of cryptocurrency.

From the look of things, it doesnt appear like the stock market will crush further, it seems at its bottom already.
Even oil has gone lowest in ages @ 18$, which tells you that bitcoin is valuable and solid.

Countries are preparing fiat offers to improve stock markets, and things will only get better i am sure.
Dyor and be sure before all decisions.

I think the stock market has fell quite enough and the crypto space wasn't left out as well. But assuming it does again, there is every tendency that crypto will fall, remain stable or even surge; it's funny but that's how unpredictable this space can be as no one can accurately state what will happen. Crypto took a hit when the pandemic got worst but it is gradually coming up but one shouldn't be too quick to judge. As for your altcoins, it depends on the ones you are holding and how good they are, if it's major altcoins you might consider to hold but if you do not trust it well enough, you might sell off.

The crypto market is already known as a market that has no reference and price terms. everything is regulated by traders. anything can happen today and in the future. then you must really take the right decision if you do not want to lose the assets you have now. because your decision now will determine your destiny in the future. then please study before making a decision because the crypto market can experience something that we cannot expect.

A lot of people who has tried to predict many things in the crypto space most especially the price of Bitcoin also ends up not predicting the right thing, so it would be better you let go of any predictions.
However, no one wishes for any market to crash be it crypto or stock because in whichever way, it is people's Investment, but should it happen, then I think much attention would be channelled to the crypto space starting with Bitcoin. And we all know that when a coin is highly paid attention to, it will likely grow more in price; this is might be caused by people looking for a way to limit their losses. On the other hand, depending on what caused the market crash, crypto can still be affected, I think that's what happened during the height of the pandemic.
Lastly, hold good altcoins such that, when they fall in price due to market crash, they will also join others to rise in price during a market uptrend.

It was not following the stock market nor gold market too. crypto stand with its own legs and there was nothing that can dictate crypto. BTW when the stock market has been decreasing a lot and crypto was still very stable compared with the stock market. that has proven crypto has no correlation with it.