Worrying Stock Market Drop and Fiat Devaluation

[adamlillian]

We can see the crypto market has been heavily influenced by the past few days, when the market is bloody. Bitcoin prices plummeted and alts fell by an average of 12% or more.
This is a very bad sign and the market needs time to stabilize.

[mrquackquack]

You would think if the world economies start to falter that crypto as a whole would gain momentum. Not alot of people in my opinion want to invest in such volatile and sensitive markets. I believe that's why stocks, bonds, metals so on and so forth are such viable options for people that want to invest but given the last few days especially in the stock market, dropping some 800+ Points in one day of trading can make the most veteran of traders cringe and look for other options.

[sana54210]

I think there is a big connection between people losing money in stocks or any other place and then moving to crypto, it is not as common as it should be but it is getting there slowly. After all we are in a world where people are greedy and they want to find a way to make more money.

Like I said there are people who are still moving their funds from legacy investment options like stocks or bonds and they are moving it to crypto because they see it as more income making and these people who were in stock market game are used to waiting so they can wait years until bitcoin worth something and they are not panic selling so they are the ones making the most amount of money. It is not going to be sudden but with time they will be the common holder in crypto in few years.

[JohnBitCo]

The questions are, where is the money?
Why are they failing now? Why now?
Is crypto currency really affected that much?
What currency is getting stronger because of this falls that are happening?

Those are the questions that needs deep analysis before we could even get the answer.
Bitcoin is down, but not that deep yet. I guess we are really not that much affected. Or? Are they switching to bitcoin now and the value keeps on fighting because of that even with the fall of the stock market?

As per the most of the people views, bitcoin and gold will survive in this crisis phase but I think it is too early to be so much confident on bitcoin. Bitcoin is too much volatile and in such an economic crisis situation, it may further dump. I am not sure why people will invest in something which is too much volatile.

[mrquackquack]

I think if everyday people knew and had more knowledge about crypto and other related investments they would be more apt to the idea of actual investing. I think alot of people are still hoping to make the whole get rich scheme happen again like that tremendous run in late 2017 and early 2018 and I think the market now has changed to where people need to work for it. I'm not saying crypto is the answer to all of the worlds financial problems but nobody wants to invest all their retirements etc etc only to wake up to see a nice chunk completely gone taken away by somebody telling you all this you worked for is completely worthless. If people had just a percent of the work ethic of those guys from Wolf of Wall Street I think it could be a big game changer for the whole market and maybe even the whole world.