Stock market CRASHING. How will this reflect on Bitcoin

[samcrypto]

Stock market is collapsing, and bitcoin is dumping so by this coincidence we can say that bitcoin and stocks are
Moving on the same path. The Covid 19 affects many market and mostly in China and maybe this is the reason why the stocks are dumping or the recession is coming. Bitcoin is below $9k again, a sad scenario again but take this as an opportunity to buy bitcoin again, don’t miss this one.

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[Docnaster]

While the BTC market isn't completely detached from the stocks market, it still has a high level of independence and autonomy. The real reason for the market crush is one no one can tell for sure but speculations such as negative press review exist.

In my opinion, I see this as an opportunity created by a few whales or investors as such to allow more entry to the market before following on the much speculated upward trend. Following this basis, this should in theory lay the grounds for the new up trend, so everybody remain calm and optimistic.

Perhaps now is the time to buy 

[bhabygrim]

I think it would only affect the crypto market if those who choose to sell their stocks invest it in crypto.
But other than that there wouldn't be any connection between crypto market and the stock market.
The only thing that they are similar is about the stocks and demand nothing more and this is only my opinion.

[coinforumgentr]

Tomorrow the entire market will be rebounding. Trust me.

I’ll reply to this thread with a huge coin map of everything pumping.

[philipma1957]

Tomorrow the entire market will be rebounding. Trust me.

I’ll reply to this thread with a huge coin map of everything pumping.

or a downward spiral with btc dropping under 7k

[minairia3]

We can already see the results since bitcoin's price has already dropped to $8800 from $10200.
We can't call it a recession but the crash in stock market has made the crypto market panic and people are selling their cryptocurrencies.

Pretty obvious that stock prices are the reason with the cryptocurrency downfall. Stocks are being hampered which most investors cause panic selling. That's a huge surge if you asked me. Many investors are likely drop dead with this loss. As for holders, might wanna hang tight since its not over yet. You will not lose until you sell it.

Tomorrow the entire market will be rebounding. Trust me.

I’ll reply to this thread with a huge coin map of everything pumping.

Wow thats a reassuring feedback. What are you clairvoyance? I dont think market will be instantly go back to highest trade within a day.

[pakhitheboss]

There is no relation between stock market crash and Cryptocurrency market downfall. They both are completely different markets. Bitcoin is following the same patter of 2016. You can expect it to again pump by end of this month.

Do not expect huge rally from Bitcoin this year.

[meanwords]

I don't know how high 3% is but as of now, Bitcoin price is sitting at $8,500 which is more or less 10% lost since the start of this month so I think stock market and cryptocurrency is kind of related. Maybe the investors are trying to panic sell? and because of that, they are trying to get their profit in cryptocurrency too to avoid more lost. We might have to see some downs in the coming days if this gets out of hand though I don't think it will be that bad.

[pooya87]

it seems like bitcoin is finally seeing some heat from all the drama that has been going on for the past week or so and the push down finally succeeded to pull the price down to $8k levels but i'm not sure it has anything to do with what has been going on in other markets such as stock market with their crashes specially since that crash makes sense since many of the companies rely on China for their products and a lot more but bitcoin has no relationship with China that could be affected because of the ongoing issues with Corona virus .

[dothebeats]

I wouldn't go so far as to saying that bitcoin is directly related to stock markets and traditional markets in any way. I see this as yet another market movement coinciding with the events of the traditional markets. You might view it as some form of panic sell on the side of different markets due to a number of different reasons, but not that it was caused by a single event.

It has happened before and it's not far from happening again. Note that while the stock market is on the plateau, bitcoin was making moves just a month before

[Vishnu.Reang]

The crash has just started... Global economy has taken a major hit due to the Corona Virus and there is going to be a major correction as far as the stock markets are concerned. The last time we had a recession was in 2008. I won't be much surprised if we end up with another one as a result of this outbreak. Let's hope that the largest economy (United States) remains immune to Corona.

[The Sceptical Chymist]

First of all, that decline in the stock market wasn't exactly a big crash.  If it continues to decline over a period of a month or longer, then I'd say it might be in trouble.  But the thing is that stocks have been in a bull market since about 2009 when the Dow hit something like 6000 and then started to rebound--and it's been going up more or less ever since then.  You've got to expect corrections in a market like that, because prices just don't keep going up in a straight line forever.

And I don't think Buffett's comments about bitcoin are the reason it's taken a hit.  Investors/traders are probably just cashing out their profits and waiting for the next big opportunity.  Since bitcoin is still hovering around $9k, I'm not sweating it.  That's way higher than where it was at in the beginning of 2019, so we're actually doing pretty well.

[ice098]

I think it would only affect the crypto market if those who choose to sell their stocks invest it in crypto.
But other than that there wouldn't be any connection between crypto market and the stock market.
The only thing that they are similar is about the stocks and demand nothing more and this is only my opinion.

This only matters on its behavior with respect to ongoing trend which also coincides on how stock market went through. Bitcoin has its independent flow which can't be predicted compared to fiat trading stocks. That only depends on how each investors will mange to handle their asset whether they choose crypto over stock market. These discreet whales is now playing more frequent compared from last two years that we've experienced certain outbreaks.

[bgaf]

In my opinion, I see this as an opportunity created by a few whales or investors as such to allow more entry to the market before following on the much speculated upward trend.

Perhaps now is the time to buy 

Indeed. Some are happy that the price of btc go down since they can have a very low entry point. I heard that this will be the last dive prior to bull effect but Im not yet sure about that. Stock market down everywhere but compared to btc market it will be too long for them to recover unlike the crypto market which is highly fast in terms of movement. Buying some at 8k flat if its going there.

There is no relation between stock market crash and Cryptocurrency market downfall. They both are completely different markets. Bitcoin is following the same patter of 2016. You can expect it to again pump by end of this month.

Provided their difference. How come you say the pattern of 2016 is the path bitcoin going right now? One day, before this month end and seems it will not pump again for now.

[Kakmakr]

I think there are a lot of misconceptions about the whole Coronavirus < also called, Covid-19> and now with the first case being reported in the US, markets are over reacting to it. They saw what the impact of the Coronavirus was on the Chinese economy and they want to run to safe havens before that might happen in the USA.

Now, even though some people seem to believe that Bitcoin is somehow a good safe haven, many institutional investors cannot invest in that, because their wealth is caught within a highly regulated financial system that has very little exposure to platforms where bitcoins can be traded. < These investors will run to traditional safe havens like Gold and Silver ....>

The people with wealth that are not locked into regulated markets, will probably shift some funds into Crypto currencies, but with high volatility in Crypto currencies like Bitcoin, they would perceive Crypto currencies as a high risk investment and they will only have a limited investment into that.  

[pooya87]

I think there are a lot of misconceptions about the whole Coronavirus < also called, Covid-19> and now with the first case being reported in the US, markets are over reacting to it. They saw what the impact of the Coronavirus was on the Chinese economy and they want to run to safe havens before that might happen in the USA.

i don't think the stock market drops had anything to do with the infection cases in US. it actually makes a lot of sense when you think about how some of the US companies rely on China and the trade with them and since China is basically closed down and the trades are becoming harder or in some cases are halted, it is reasonable to see the value of the stocks of these companies decline. obviously that could cause more panic and more dumps.
this is also why i believe that bitcoin price is not affected by the Coronavirus at all since there is no relationship like the one in stock market.

[michellee]

I am sure there is something that causes the down of the stocks, but unfortunately, we don't know what it is. I don't think that the stock will head to a crash because the stock will survive, but if there is a worse thing that happens in many countries, then yes, the stock will be a crash. We don't know if bitcoin will follow because bitcoin and stock are not the same, but it could get the impact from the stock since if the stock crash, people will search the other thing that can give them money. And bitcoin will be the next choice for them to make money.

[bitbunnny]

As far as I know there isn't direct connection between stock market and Bitcoin or cryptocurrencies in general. So, to my opinion anything that happens on the stock market for worse or for best shouldn't influence Bitcoin price.
Maybe there will be some investors that would change their preferences  because of stock market crash and therefore they would be more oriented on cryptocurrencies market but then again that will not be some significant number that might be too.important.

[gentlemand]

There is no relation between stock market crash and Cryptocurrency market downfall. They both are completely different markets.

But they now have a large number of coins owned by the same people. And those people are not going to hang on to their wild bet if their bread and butter starts to take a shit that looks like it's going to be properly significant.

Let's see whether conventional markets manage to shake things off in the coming weeks and rebound. If not then it's time to chuck our usual predictions out the window. Crypto has enjoyed almost total consistency from the wider markets since it emerged. If that is turned on its head then the uncertainty will be amped up big time.