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Author Topic: BTC: Large upward move is emminent  (Read 233 times)
pvk444
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February 09, 2018, 06:58:15 PM
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 #1

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!
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February 09, 2018, 07:09:53 PM
 #2

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

I'm sure some money will flow out of the stock markets and in to the crypto market but I doubt it will be all that much. Lots of money is flowing out of the Dow and other similar indexes or stocks in general and in to safer assets such as government bonds, this is because it's expected that the FED will increase interest rates more than was initially anticipated in the next year.

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pvk444
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February 09, 2018, 07:19:30 PM
 #3

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

I'm sure some money will flow out of the stock markets and in to the crypto market but I doubt it will be all that much. Lots of money is flowing out of the Dow and other similar indexes or stocks in general and in to safer assets such as government bonds, this is because it's expected that the FED will increase interest rates more than was initially anticipated in the next year.

Two years ago, I would have agreed with you. Crypto's in general and BTC in particular became however massivly more popular (or at least more widely known) over the last 24 months. Thus, many more investors have at least some awareness of the crypto market. Now, that the Dow is going down investors are more incentivized to look at alternatives. I am not saying the usual stock - bond movements will be replaced by a stock - crypto movement (would be great, but I'm not that naive). But cryptos offer now a real choice.
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February 09, 2018, 07:52:12 PM
 #4

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

This will likely turn out to be just an instance of wishful thinking. If markets continue to crash, crypto will get affected too and in the negative way obviously. The recent Bitcoin crash from $9,000 to $6,000 may have been caused by the same forces which put other markets under fire so it will suffer as well. People will run for dollars as well as bonds and likely for gold too. Bitcoin is just too speculative to be used as a safe haven in this case.
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February 09, 2018, 08:08:00 PM
 #5


...
This will likely turn out to be just an instance of wishful thinking. If markets continue to crash, crypto will get affected too and in the negative way obviously. The recent Bitcoin crash from $9,000 to $6,000 may have been caused by the same forces which put other markets under fire so it will suffer as well. People will run for dollars as well as bonds and likely for gold too. Bitcoin is just too speculative to be used as a safe haven in this case.

Well, yes. There is of course a modicum of wishful thinking in it. However, I did not notice a positive correlation between stock market and crypto markets. If there is a correlation at all, it might even be negative, thus supporting the diversification argument (there are not enough severe downturns in the stock market yet to show the relationship with high statistical significance)

The BTC volatility is indeed a problem for serious adoption. But even if just a small portion of stock inverstors take an interest in cryptos, it might be sufficient to provide the boost I am talking about. We'll see soon, I guess.
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February 09, 2018, 08:30:43 PM
 #6

I am not aware of Dow Jones but I heard it from my colleagues. But as what I've noticed in the topic I consider Dow as one of the factor that affects in the market prices. It also affects the volatility of bitcoin in the past few years.

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February 09, 2018, 09:22:45 PM
 #7

Traditional investors are aware that crypto has already garnered massive interest from all over the world, and that means more money for them if they entered at the right time. The hundreds of billions of dollars wiped out of cryptospace in a span of a month *could* be regained if the money from the Dow continues to be pulled off and move it to crypto, and smart investors knew that the stocks aren't the best place to put their money in given the current market conditions. It seems that the most viable options they have right now are bitcoin and gold, but I'm not so sure about the latter, and the former being a likely option given its steal price.
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February 09, 2018, 10:27:58 PM
 #8

What about all those traders who are predicting a downward move? I mean it's not uncommon nowadays to hear about $5000 in the trading corner. It might be their wishful thinking, but they'd most likely be ridiculed if the rest of us did not see a possibility of them being right. To give you an example:
https://uk.tradingview.com/chart/BTCUSD/xIe8gV7M-BEARISH-ON-BITCOIN-FULL-ARTICLE/
https://uk.tradingview.com/chart/BTCUSD/uk6ZY2Zw-BTC-crash-to-6-5k/
https://uk.tradingview.com/chart/BTCUSD/PadVXOJO-Do-not-get-caught-up-in-the-hype/

They are predicting a drop to retest the lower supports at 6k and it's hard to find a bullish prediction lately, at least on tradingview.
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February 09, 2018, 11:35:34 PM
 #9

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

I have read the same stance in one website but I totally forgot the link. It says about a correlation between stocks and crypto and its makes sense that investors are looking for other assets like cryptos or gold. I don't know why stocks are going down though, but as least getting investors to shift their funds to crypto will be a good thing for us. And this should be a practice for every successful trader, if one market is down, better shuffle and move your invested. I also like to think that maybe we could get some Gold investors. This will result to another exponential growth in the future.

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February 10, 2018, 12:43:03 AM
 #10

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

I think traditional investors have already putting up money in the crypto market specially in the last half of the year. Only it have been sensationalized in last quarter of the last year, specially in December. So I wouldn't be surprised at investors finding other ways to diversify their portfolio including crypto. But I still do think that they will ride this dip in the stocks, then investing all of their funds in bitcoin or other cryptos. They will waited it out see what's the current sentiments and then pour it whether in stocks or gold or crypto itself. I would still be cautious and not say that the price of bitcoin will be push by them. At this stage, everyone is not willing not unless they are sure that their money will grow either short or long term.

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February 10, 2018, 12:52:08 AM
 #11

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

I have seen the fractals from other previous falls. I think it would be much better to have a reasonable growth supported by real nes instead of these rollercoaster.
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February 10, 2018, 12:55:06 AM
 #12

I am not aware of Dow Jones but I heard it from my colleagues. But as what I've noticed in the topic I consider Dow as one of the factor that affects in the market prices. It also affects the volatility of bitcoin in the past few years.

At this moment, the cryto market is absolutely unlinked to the dow, nikkey, footsie nor any other. In fact, it is not linked to any real economic valuation, and that is not good.
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February 10, 2018, 03:24:47 AM
 #13

Traditional investors are aware that crypto has already garnered massive interest from all over the world, and that means more money for them if they entered at the right time. The hundreds of billions of dollars wiped out of cryptospace in a span of a month *could* be regained if the money from the Dow continues to be pulled off and move it to crypto, and smart investors knew that the stocks aren't the best place to put their money in given the current market conditions. It seems that the most viable options they have right now are bitcoin and gold, but I'm not so sure about the latter, and the former being a likely option given its steal price.
Some complain that some people are in bitcoin only for the money, but those that are investing in stocks are all in there for the money if bitcoin investing becomes popular we are going to see a massive amount of money being invested in bitcoin in the next years, after all if stocks give single digit profits and bitcoin gives more than that then investors will choose bitcoin.
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February 10, 2018, 03:28:49 AM
 #14

More like the large of upward movement of bitcoin price is inevitable. It always happen and it is really inevitable for bitcoin not to make any movement about the pumps that will happen. HODL because we are up for the moon.
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February 10, 2018, 03:56:05 AM
 #15

I don't know why stocks are going down though, but as least getting investors to shift their funds to crypto will be a good thing for us.

I believe that investors realize that investing in cryptocurrency does not limit them because its the whole world can invest into it unlike stocks which is limited to the area of operation like countries and states. I hope that this trend continue because it is a good signs for us, the early adaptors of cryptocurrency.

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February 10, 2018, 04:35:05 AM
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If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.
And 1$ drop of BTC is about 16,85$ mln loss for the BTC market cap which is stoll pretty much for such a small market but this numbers don't show anything.

And in the meantime, BTC has been ... going up.

It have nothing in common with the Dow drop.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!
People that invested in Dow Jones are more likely to invest in traditional assets.  Obligations, stocks, precious metals, anything but not cryptocurrencies and the things will change only when US banks will remove crypto related restrictions. If at least 1% out of the 10% that were lost by Dow could flow into cryptocurrencies it could definetely cause a significant price increase and obviously couldn't  be skipped by medias. For now that looks more like a conspiracy theory.
I don't know why stocks are going down though, but as least getting investors to shift their funds to crypto will be a good thing for us.

I believe that investors realize that investing in cryptocurrency does not limit them because its the whole world can invest into it unlike stocks which is limited to the area of operation like countries and states. I hope that this trend continue because it is a good signs for us, the early adaptors of cryptocurrency.
It does, especially traditional investors. While banks have restrictions on cryptocurrencies it becomes harder to take your money back and makes cryptocurrensies less attractive.
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February 10, 2018, 04:45:22 AM
 #17

There are great signs that BTC will experience a large boost very shortly.

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

And in the meantime, BTC has been ... going up.

Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.

Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.

Great times ahead!

It makes no sense for people to cash out their stocks and then invest in BTC, when their stocks are dropping and bitcoin's rallying already. It's just a stupid decision to make in my opinion, only a stock chaser does that sort of things.

I wouldn't be this complacent about the current price yet. It's going up for sure, and I do think that it will continue to go up to $10k+, but all time high is going to be hard to come by at the moment.

We may see bitcoin plummet after a last bounce, obviously I hope that it's not the case and we do settle somewhere above $10k since I am long with bitcoin. But markets are unpredictable as hell. Nobody would have predicted this current drop.
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February 10, 2018, 01:25:45 PM
 #18

If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.

I haven't seen anyone try to explain why the DOW is dropping.  Smiley

With a price correction that massive, one might suspect there is an important and potentially pivotal reasoning behind it. Possibly resistance was too high and there wasn't enough support. Possibly concerns over the health of china's economy on its recent report triggered a panic sell off. Moody's threatening to downgrade US credit, due to concerns over the deficit, could also have played a role. Maybe I have a tendency to needlessly complicate things but it seems to me that there could be enough concern for the DOW decline to be possibly be justified.

I would be very interested to see someone respond to these points as it seems to me that people avoid addressing potential reasons for the DOW's latest drop. No need to avoid the topic, it should be educational and everyone should learn something. I'll definitely learn something even if every point I tried to make about it is 100% wrong.

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February 10, 2018, 04:12:48 PM
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...
This will likely turn out to be just an instance of wishful thinking. If markets continue to crash, crypto will get affected too and in the negative way obviously. The recent Bitcoin crash from $9,000 to $6,000 may have been caused by the same forces which put other markets under fire so it will suffer as well. People will run for dollars as well as bonds and likely for gold too. Bitcoin is just too speculative to be used as a safe haven in this case.

Well, yes. There is of course a modicum of wishful thinking in it. However, I did not notice a positive correlation between stock market and crypto markets. If there is a correlation at all, it might even be negative, thus supporting the diversification argument (there are not enough severe downturns in the stock market yet to show the relationship with high statistical significance)

The correlation you are talking about would be hard to find, even if there was one. Bitcoin and crypto in general are pretty volatile on their own. A couple of whales can easily send Bitcoin spiraling down despite stock markets surging and vice versa. Also, I can see reasons why there in fact may be positive correlation between stock market and crypto markets, at least in respect to rising somewhat in parallel, but I don't see why there should be negative correlation, supporting the so-called diversification argument. Bitcoin is risky as hell, and other crypros are even riskier than that.
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February 10, 2018, 04:13:58 PM
 #20

I object, investors of stock market are of different mentality and psyche, they still don't trust cryptos for big investment because of high uncertainty and high volatility.
So you can't relate uptrend and downtrend of Dow with the crypto market, may be there are few number of investors who are shifting towards the digital currencies but still the ratio is too low.

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