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Author Topic: Bitcoin and cryptos used as stock market assets short term.  (Read 38 times)
Don Pedro Dinero
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August 30, 2018, 07:32:55 PM
Merited by Jet Cash (5), bitmover (1)
 #1

Since the downfall in December-January, I have observed that what has happened today has happened a few times.







Now, there might be some times when this is just a coincidence but I already opened a post some time ago about the subject and I’ve seen this quite a few times afterwards.

Today’s loss on the stock market seems to be due to the emerging markets problems, like Argentina, and there might be another plausible reason for the crypto market but this has made me think that the crypto market is just used by people the same way they buy stocks or mutual funds but with the difference that the crypto market has more volatility. When they see macroeconomic trouble, they sell.

Most of us suppose that if there is another crisis like the 2008 one, which I think it is quite likely in the future, bitcoin will act as a wealth reserve and I also think this is quite likely, but that doesn’t seem to be happening short-term.

What are your thoughts on this?
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August 31, 2018, 09:24:30 AM
Merited by bitmover (1)
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I think that the dollar is still seen as the ultimate safe haven asset. and the dollar has been strengthening recently. Gold. silver, stocks and cryptos are perceived as risky investments in manipulated markets. Unfortunately the dollar is not the safe haven that many people imagine, and current world affairs seem to indicate that it may be more of a risky investment than in past years. Gold has been a store of wealth for thousands of years, and this is unlikely to change, despite the extreme price manipulations. Bitcoin would appear to be the modern equivalent of gold, and will establish itself as such over the next few years in my opinion. Of course this presumes that it will be able to preserve its decentralisation. A few other crypros will establish themselves, and it will be interesting to see which ones manage to gain world acceptance.
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