If I posted how much I'm up, Mat would probably jump from the roof.

Gold went to like 85% of normal value in the 2008 crash due to liquidity crunch.  Even though it did go down, it wasn't going down as much as other assets.  That's just what happens in a liquidity crunch, the most liquid asset that falls on the worst side of the store of value scale in Gresham's law is temporarily over-desired (USD).  THIS TIME will be different.  You won't be able to just go all in on USD cash to be safe.  The 2008 crash didn't involve things like bank holidays and Cyprusing in the US.  The next crash will.  You'll either lose all your money or receive a huge haircut by going all in on fiat cash this time during the liquidity crunch.

In debt based systems, wealth is destroyed during defaults and creates cascading deflationary collapse.  Bitcoin is not debt based or fractional reserve, so it's completely immune to this.  There is no bank holiday in Bitcoin either.  All electronic fiat currencies will simply cease to work in the next collapse because the entire money supply is destroyed in deflationary collapse.  The bank that said they had 40 million in deposits that was leveraged to the moon, will now have only one million in reserves after and can't fulfill their obligations.

If you want to pay someone using an electronic currency, there will be nothing left standing besides Bitcoin.  You could pay someone using gold or silver, but gold and silver has lack of granularity and high friction in use, making it not functional at all for international business, and only useful for local, primitive, barter style economies (i.e. going back to the dark ages).

There are virtually no asks on the book between $597 and $620.  This thing is about to explode upwards after it gets past these fucktards trying to stop it who only have about 1000 coins left.

i also think that a big crash in these big markets like the stock market can attract a lot of attention to bitcoin and push the price up.

but i have also seen the same topic a couple of times saying the same thing but in never actually happens or even when it happens the change is small that you can't say for sure it is because of that crash!

apparently it is a different world in bitcoin-cny market!
you see the topic saying dump and we check the market and see the price is almost the same $570 as it was before so maybe it is because of the difference of price (according to google 3875 cny is ~ $590)

What is that like $5?  Sweet dump...

suddenly I feel bearish 

Korila, seriously - if you just made $40k your only purpose with this thread is to brag, veiled in some sort of request for pity. Gfy.

Don't know how much 40K Yuan is, but hey.  You made a profit, right?

I fucking bought Lisk RIGHT before this gigantic spike in bitcoin, now I'm a retard bagholder hoping Lisk will rebound.  Oh well, at least I didn't bet all that much.  Still, I hear you OP.  But Jhanzo is right, that's the way it is in markets where you really don't know what's going to happen.  Sometimes you win, sometimes you get fried like a fishstick.