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Economy / Speculation / Re: What will happen when the stock market crashes?
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on: March 27, 2019, 07:29:55 PM
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Stock market and bitcoin is not as collided as people think. Just because stock market collapsed at the same time as bitcoin doesn't mean they are connected.
Lets take a look at when stock market crashed this year, before stock market crashed bitcoin moved from 20k to 6.5k, way before anything happened on stock market, so that is irrelevant as you can see, after stock market crashed and hit the bottom bitcoin dropped to 3k but that was mainly due to bitcoin cash war that saw Craig Wright selling a lot of bitcoins all at once to drop the price so that is irrelevant as well. As you can see 2018 stock market crash and bitcoin crash actually had no connection at all. Could it go down and up at the same time again? Who knows it could but does it mean they are connected? Not at all.
exactly. anyone who says the two are correlated hasn't paid that much attention to the actual movement of each. Bitcoin started crashing as the stock market was shooting up to its top - negatively correlated. Then bitcoin hit a midterm (feb-nov) bottom at 6000 in early feb 2018 the same day the stock market hit a peak before starting to correct / move sideways. Bitcoin then continually bounced off the 6000 bottom while the stock market bounced back off the top (going slightly higher in the summer than the feb peak), so sort of negatively correlated, but really just each moving according to their own separate market fluctuations. BCH hash war then caused a 50% drop in bitcoin in november, stocks completely un-correlated. Since then bitcoin has been range bound at the bottom, while stocks briefly crashed in november only to rally back almost to its peak recently, totally un-correlated. There is no reasonable correlation between the two. There's only 3 options (up, down, or sideways) so sometimes they do simliar things, sometimes they do different things, sometimes they do opposite things. Things means no correlation between the two. Yes, you are right. I was this morning checking charts of both carefully and reached the same conclusion. In the worst, worst scenario that a crash of the stock markets impacts BTC, average stocks lose around 60%, and taking in consideration that it happens now with BTC at $4000, it could drop to 2000-2500, not a super crash for it considering all time high and potential growth over the next years. I still believe it would go to 100,000 at some point in the future. |
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Economy / Speculation / Re: What will happen when the stock market crashes?
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on: March 27, 2019, 09:36:59 AM
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I've been now comparing charts of BTC with Dow Jones, and the better correlation I see is on late 2018 when the Dow lost 20% that was when BTC lost support at $6xxx and fell to $3xxx. But if you look closely, Dow started to plunge in late August and BTC was not affected until mid November. I think that the fall to 3k in BTC was going to happen yes or yes, independent of stock market crash.
I have checked also the Dow correction in 2015 and it didn't have any impact on BTC, that hold the bottom at $250.
In fact, none of these have been big crashes of the stock market, just corrections, but checking them, I'm not sure that they both are correlated as many people think...
Regards
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Economy / Speculation / What will happen when the stock market crashes?
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on: March 26, 2019, 08:20:36 PM
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Hi everyone,
I have been reading a lot about correlation between stock market and crypto. As we have seen in recent months, when the stock market crashes, BTC follows.
BTC seems like have bottomed after more than 85% crash from $20,000 and, comparing with past bubbles like the previous one when the price topped at $1200, everyone think that BTC will have another similar bubble. But that happened in one of the longest bull cycles in stock market. This time, the potential run for crypto would have to happen in the middle of very probable bear market for stocks and nobody knows how BTC will be affected by it.
Some think BTC will raise because people will take it as Gold and as a reserve of value. Other think that it will fall as well because of the panic selling and people only wanting to have cash in hand...
What's your opinion about this?
I believe it could be a huge obstacle in the run to $100,000 in this new potential bubble...
Thanks
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: SABERITY - Where Knowledge Lives
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on: January 12, 2018, 09:05:01 PM
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Great news. Some people gained attention to my project and we have done a lot of progresses. - A new team will be announced soon - We are working in the White Paper - Working in the token website also We will issue a new token: Saberity (STY) that will be used in Saberity website to exchange services between customers and the wises. Tokens will be used also to reward judges that will impartially solve any dispute. More to come here very soon. Suggestions! Thank you! https://saberity.com/ |
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Alternate cryptocurrencies / Announcements (Altcoins) / 🔴 SABERITY - Where Knowledge Lives 🔴
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on: January 02, 2018, 07:22:14 PM
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 Hello everyone, I'm a Spanish engineer that almost 2 years ago had an idea: a marketplace to let people sell their knowledge and help others to solve problems, questions, works, academic studies, etc. I designed by myself the portal when I was unemployed. It's totally working as you can see: https://saberity.comWhat's the problem? Luckily, I found a job and it didn't leave me enough free time to continue with the next stage of the project: marketing and spread the word. Years later, I discovered cryptos and how can they improve a portal like this in different aspects like: - Lower fees - Guaranteed payment - Fair dispute settlement So... With a working website, I only need a little help to adapt it to the use of a coin. Why I chose to open this post? Because: 1. You can see a real project, no smoke. I had a dream and I really worked hard in it. Despite the fact the website being only in Spanish, I can translate it very fast. Just in Spain there are around 2,000,000 potential customers (mainly people 12-30 age) that will use it. There is no other website like this right now and it could really be a huge success. I'm not sure if the English market has a similar situation, but I can share with you specific revenue calculations so you can see that this is a really sustainable project. 2. As you can check, this was created long time ago. I don't want to run a pump and dump scheme. My project is real and I really trust in its potential. But I have also to recognize that I don't have important things right now like the whitepaper. 3. I'm not a guru of cryptos and I would need some serious partners to finish the implementation of coins/tokens to the website. 4. I want to hear your thoughts and suggestions. Thank you very much, Best regards  |
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