The s&p500 is primed for a correction, BTC ATH will follow

[cellard]

If this doesn't look primed for a correction then I don't know what it is.



My take is that it will fail to reach the 3000 milestone. Or it may, but it will be short lived, and now that we have been in a bear market, when the crash begins Bitcoin will be looking really attractive if you want to avoid the impeding doom, because given current growth, the 2008 crash will look like a joke compared to what's coming.

It's actually good news that Bitcoin went down. You want to be way lower when the tide starts to turn so Bitcoin looks like a bargain, and it is. It isn't going to be pretty for people holding stocks and basically anything that isn't neutral (I expect bitcoin and gold to do good, everything else is going to tank, and we all know Bitcoin is way better than gold if you need to move your wealth elsewhere).

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[Jet Cash]

I thought that Bitcoin was going to slip a bit more, and then pick up at the end of the month. It looks as if I might have got my timing wrong again,

[cellard]

I thought that Bitcoin was going to slip a bit more, and then pick up at the end of the month. It looks as if I might have got my timing wrong again,

I was also looking forward to lower prices, but looks like we are getting to far from $5900. FOMO will start creeping up as we cross $10,000. There's a ton of people waiting to buy bitcoin at lower prices, but at the same time, these people are too paranoid about the possibility of missing the boat once again, which will trigger further moonings.

I woke up to a big green bitcoin candle while I also woke up to a big red candle (in the daily chart) for the s&p500. Maybe this is the beginning of the next bull cycle which will be fueled thanks to a big s&p500 correction if not a crash. I suspect this will also be the beginning of the end for Trump's chance at 2020 if the media starts attacking him and making him responsible of the "market crash" while ignoring how high it has gone lately.

[faatipoke]

so you are saying that these money will flow into bitcoin once s&p crashes? why not this will not make fiat money stronger? maybe investors will be afraid of both cryptocurrencies and stock exchanges and will keep their money in more safe heavens like gold and silver. just asking

[cellard]

so you are saying that these money will flow into bitcoin once s&p crashes? why not this will not make fiat money stronger? maybe investors will be afraid of both cryptocurrencies and stock exchanges and will keep their money in more safe heavens like gold and silver. just asking

The s&p500 is a conglomerate of powerful industries which at the same time are backed by the health of the government in where they reside, in this case US. So it's like a domino effect. I don't see how being in cash would be a good idea, ultimately you are holding cash of the same nation that's having a crash on their biggest index. Maybe if you are not holding dollars.. but once again the US is too big, if there is a big correction in the s&p500 it will have an impact on the Eurozone too.

I just don't see anything but neutral assets as a good bet, that's metals and crypto, and I already said why I think Bitcoin is better than gold, the conclusion is to bet on Bitcoin. If Bitcoin didn't exist, I would stay in gold.

If anyone has ideas of stocks or other assets in where you would park your money during an s&p500 crash let me know.

[groundcontrol67]

It all comes down to what correlation there is between investments in to stocks and in to crypto. You can make arguments both ways, such as that if investment flows out of one it may do so also the other as fear spreads across markets, alternatively you can make the argument that it will flow out of stocks and in to crypto.

[greensheep]

so you are saying that these money will flow into bitcoin once s&p crashes? why not this will not make fiat money stronger? maybe investors will be afraid of both cryptocurrencies and stock exchanges and will keep their money in more safe heavens like gold and silver. just asking

The s&p500 is a conglomerate of powerful industries which at the same time are backed by the health of the government in where they reside, in this case US. So it's like a domino effect. I don't see how being in cash would be a good idea, ultimately you are holding cash of the same nation that's having a crash on their biggest index. Maybe if you are not holding dollars.. but once again the US is too big, if there is a big correction in the s&p500 it will have an impact on the Eurozone too.

I just don't see anything but neutral assets as a good bet, that's metals and crypto, and I already said why I think Bitcoin is better than gold, the conclusion is to bet on Bitcoin. If Bitcoin didn't exist, I would stay in gold.

If anyone has ideas of stocks or other assets in where you would park your money during an s&p500 crash let me know.

I was thinking about the possible consequenes of a stock crash too.
As we saw on 05/02 BTC/crypto shared in the blows too, maybe this could be short term and due to lower prices it could be more attractive and rise, but it's a tough one.
BTC/crypto was not around during previous crashes.

[cellard]

so you are saying that these money will flow into bitcoin once s&p crashes? why not this will not make fiat money stronger? maybe investors will be afraid of both cryptocurrencies and stock exchanges and will keep their money in more safe heavens like gold and silver. just asking

The s&p500 is a conglomerate of powerful industries which at the same time are backed by the health of the government in where they reside, in this case US. So it's like a domino effect. I don't see how being in cash would be a good idea, ultimately you are holding cash of the same nation that's having a crash on their biggest index. Maybe if you are not holding dollars.. but once again the US is too big, if there is a big correction in the s&p500 it will have an impact on the Eurozone too.

I just don't see anything but neutral assets as a good bet, that's metals and crypto, and I already said why I think Bitcoin is better than gold, the conclusion is to bet on Bitcoin. If Bitcoin didn't exist, I would stay in gold.

If anyone has ideas of stocks or other assets in where you would park your money during an s&p500 crash let me know.

I was thinking about the possible consequenes of a stock crash too.
As we saw on 05/02 BTC/crypto shared in the blows too, maybe this could be short term and due to lower prices it could be more attractive and rise, but it's a tough one.
BTC/crypto was not around during previous crashes.

I don't think the 05/02 Dow Jones event is that relevant to extrapolate and claim Bitcoin will follow a bear market if there is a crash on traditional markets.

Bitcoin was coming from a bubble-burst bear period, it had too much inertia for it to react and begin an upside move. The price had to take a vacation and relax for a while, people were still recovering from the shock factor of seeing such an huge crash of 10000 points (not me or anyone that has been in Bitcoin for a while).

Now it's looking good again, and I claim that if we see another red monday in the classic stock markets, Bitcoin is going to start showing its strength as a safe haven.

[omonuyak]

If this doesn't look primed for a correction then I don't know what it is.



My take is that it will fail to reach the 3000 milestone. Or it may, but it will be short lived, and now that we have been in a bear market, when the crash begins Bitcoin will be looking really attractive if you want to avoid the impeding doom, because given current growth, the 2008 crash will look like a joke compared to what's coming.

It's actually good news that Bitcoin went down. You want to be way lower when the tide starts to turn so Bitcoin looks like a bargain, and it is. It isn't going to be pretty for people holding stocks and basically anything that isn't neutral (I expect bitcoin and gold to do good, everything else is going to tank, and we all know Bitcoin is way better than gold if you need to move your wealth elsewhere).

I just pray your expectations should come to pass as if bitcoin do well as it do in 2017 we would all be happy and if bitcoin will perform like it is last year in terms of marketcap and the most perform currency then we should expect big investors and traders to start to patronize it and and that is going to make its adoption easer.

[aso118]

so you are saying that these money will flow into bitcoin once s&p crashes? why not this will not make fiat money stronger? maybe investors will be afraid of both cryptocurrencies and stock exchanges and will keep their money in more safe heavens like gold and silver. just asking

Exactly. If you exclude cryptos, equity markets are considered risky. People have long considered equities as high risk and high return investments. During market turbulence, people tend to be risk averse. There will be a few gamblers, but most will shift to treasury bills and gold.

[realr0ach]

Lol, you are only fooling yourself.  Bitcoin is a valueless speculative asset like everything else in the "everything bubble".  The everything bubble deflating takes down all valueless speculative assets with it.  If there is a flight to safety, it's to gold and silver, NOT speculative pump and dump, imaginary tokens like bitcoin.

[DPoS2]

I was thinking about the possible consequenes of a stock crash too.
As we saw on 05/02 BTC/crypto shared in the blows too, maybe this could be short term and due to lower prices it could be more attractive and rise, but it's a tough one.
BTC/crypto was not around during previous crashes.

Big quick crashes in the market sucks money out of all assets as everyone sells everything to stay liquid..  what pushes things like gold and crypto up are currency crisis where inflation eats away at value but right now people just blindly put it in the market and just starting to also put in crypto as gold gets ignored

So.....  what would need to happen to crash stocks but pump crypto??  Probably trade wars where businesses start to panic one by one so people have the time to actually get out and rotate into cryptos or gold.

But the real flow will be things away from stock crashes..  easier regulations.  Less witch hunts on everything crypto.. perhaps all those ether based coins grab real hold... or facebook actually does start to use litecoin..  just start making huge blockchain billboards everywhere saying anything crypto to do an old fashion moon shot pump 



 

[JanpriX]

This is also my thought when I see the chart of S&P500. Things will go very rough in that market and people will definitely stay away from it one by one. And for the mean time, they'll look somewhere else to park their excess money. They'll definitely browse through different options and will probably take notice of BTC who went bottom and now, is slowly climbing up again. In their eyes, this will be a very good opportunity for them to enter crypto, thus, giving BTC some needed boost. Sure, all of this may not happen but the opportunity is definitely there for them to grab it. Actually, this is a sane move for them it S&P500 crashes more.

And if, definitely a big IF, the above things happen, FOMO will be very strong that we can expect an ATH in the coming months.

[cellard]

Lol, you are only fooling yourself.  Bitcoin is a valueless speculative asset like everything else in the "everything bubble".  The everything bubble deflating takes down all valueless speculative assets with it.  If there is a flight to safety, it's to gold and silver, NOT speculative pump and dump, imaginary tokens like bitcoin.

Wrong. Gold and silver will be confiscated as soon as you try to leave your country if it gets really ugly and you need to reach for safer grounds, rendering you an idiot as the government steals your hard earned money.

Meanwhile Bitcoin users will be fleeing anywhere they want with their wealth intact from the hands of the confiscator.

Why are goldbugs so stupid to not see this simple fact?

[groundcontrol67]

Lol, you are only fooling yourself.  Bitcoin is a valueless speculative asset like everything else in the "everything bubble".  The everything bubble deflating takes down all valueless speculative assets with it.  If there is a flight to safety, it's to gold and silver, NOT speculative pump and dump, imaginary tokens like bitcoin.

Wrong. Gold and silver will be confiscated as soon as you try to leave your country if it gets really ugly and you need to reach for safer grounds, rendering you an idiot as the government steals your hard earned money.

Meanwhile Bitcoin users will be fleeing anywhere they want with their wealth intact from the hands of the confiscator.

Why are goldbugs so stupid to not see this simple fact?

Gold and Silver are fairly useless assets in that regard, you can't exactly keep them hidden away or transport them very easily.

If money was going to flow out of the S&P it would go in to bonds and such if people want safe assets.

[alyssa85]

If this doesn't look primed for a correction then I don't know what it is.



My take is that it will fail to reach the 3000 milestone. Or it may, but it will be short lived, and now that we have been in a bear market, when the crash begins Bitcoin will be looking really attractive if you want to avoid the impeding doom, because given current growth, the 2008 crash will look like a joke compared to what's coming.

The date to watch is the Federal Reserve Meeting on March 20th-21st.

If the Fed raises interest rates (as they are expected to do), the S&P and Dow will head downwards. They're already terrified that the easy money that has fueled the market is being steadily withdrawn.

[Febo]

If this doesn't look primed for a correction then I don't know what it is.



My take is that it will fail to reach the 3000 milestone. Or it may, but it will be short lived, and now that we have been in a bear market, when the crash begins Bitcoin will be looking really attractive if you want to avoid the impeding doom, because given current growth, the 2008 crash will look like a joke compared to what's coming.

It's actually good news that Bitcoin went down. You want to be way lower when the tide starts to turn so Bitcoin looks like a bargain, and it is. It isn't going to be pretty for people holding stocks and basically anything that isn't neutral (I expect bitcoin and gold to do good, everything else is going to tank, and we all know Bitcoin is way better than gold if you need to move your wealth elsewhere).

Lately they looks same to me shares and Bitcoin. moving in same direction.  I wonder what will happen after next economic crisis. Possibly same as now. Coins and shares will crash together.  Then ood coins and Gold wil start gaining value. shares and crap coins will recover over years.