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Author Topic: This time when the stock market crashes, Bitcoin will go to moon!  (Read 696 times)
StonksStonksStonks (OP)
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August 20, 2020, 02:24:59 AM
 #1

We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.

The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
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August 20, 2020, 02:37:51 AM
 #2

There's a reason why stocks started to crashes a few months ago and it's reasonable. And besides, that crash won't surely last for long. Some stocks are even slowly rising up now after a few months of being in a bottom. And with several countries rushing the clinical test for the Covid-19 vaccine phase, it gained hopes that the economy will surely back again on its usual within the timeframe of 1-2 years. Stocks won't die. The foundation is strong.

Bitcoin will go to your moon price expectation even stocks won't crash. No matter the economic situation, good or worst, just always try to increase your hold BTC holdings as much as possible.
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August 20, 2020, 02:47:44 AM
 #3

I was talking about if stocks crash again. looks like stocks are starting to dump today.

But yes, regardless if stocks go up or down. Bitcoin only has one direction to travel to the moon
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August 20, 2020, 03:33:03 AM
 #4

I was talking about if stocks crash again. looks like stocks are starting to dump today.

But yes, regardless if stocks go up or down. Bitcoin only has one direction to travel to the moon
during the pandemic, almost all stocks fell drastically there were even some large companies closing most of their companies, but in contrast to the price of gold and bitcoin skyrocketing slowly, we realize that bitcoin is not the same as stocks but can be called a digital asset, maybe many people are selling their stock and buy it bitcoin or gold., I believe also bitcoin is heading in one direction which is the moon

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August 20, 2020, 06:57:04 AM
 #5

When the stock market crashes, it switches to bitcoin because a significant increase makes investors willing to move it and leave the stock market that is down, maybe because the trend we can follow is therefore I believe bitcoin will go in the direction that is not necessarily much expected everyone regardless of the bulls until recently, the price continued to hold in the 11.7k-12k range indicating bitcoin will be more desirable.

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August 20, 2020, 12:29:50 PM
 #6

You can't guarantee what the people with stocks might do, they may stay with stocks and buy even cheaper because lets face it if you trust your investment and the company you invested will get better and recover that means a fall is actually a great thing so that you could possibly buy stocks cheaper and let the company churn up profits after profits.

However if you think that crypto will go up during the next crash, that is also totally up to bitcoin people as well and nothing else. If people realize that they could just not sell for a while and when things recover we will go super high instead of just recover to what we were, that would mean everybody will profit a ton. However for some reason people do not think of it that way. So, let's see what will happen but I am not hopeful.
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August 20, 2020, 08:15:29 PM
 #7

Well, that sounds reasonable considering how Bitcoin's price wasnt affected by the current pandemic. A lot of investors might switch to cryptocurrency than staying in a crashing market, but that's not automatic since there were also investors who's taking advantage on the stock market crash buying at a very low price and harvest their profit once the economy recovers.
However, regardless of what the stocks and gold's market situation, Bitcoin has always the potential in rising up to the moon.

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August 20, 2020, 09:10:47 PM
 #8

We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.

The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up

Ah, the old "it'll be different this time." Tongue

It was only this past March when stocks and BTC crashed together. Ever since, they've been pumping together. What has changed since then?

I don't expect stocks to dump and BTC to pump. I think they're both back in bull markets.

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August 20, 2020, 09:28:57 PM
 #9

We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.

The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
Being optimistic isnt bad but dont really hope that much because we wouldnt know on what actually is happening beyond those events.If you do saw that huge number of coins
moved them off the exchange then you wouldnt know on whats next neither those are solely hold for long term or just a typical short time buy and sell.

People cant really avoid on making up speculations from time to time and when they do saw traditional markets is declining then primary thing that will come out into their
minds that funds might be flowing next into crypto market which is plausible but not an assurance.

Traditional investors would really be always keen on putting up money into something which isnt regulated and a very volatile one.
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August 20, 2020, 10:17:24 PM
 #10

I have noticed the drop in stocks lately and it also dropped bitcoin but it isn't too long that bitcoin has recovered afterward.

And many speculators did believe before that bitcoin and stocks are correlated but we're already seeing that it's not this time. No doubt that bitcoin is on its road to mooning and it's not that long.

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August 21, 2020, 02:04:07 AM
 #11

I was talking about if stocks crash again. looks like stocks are starting to dump today.

But yes, regardless if stocks go up or down. Bitcoin only has one direction to travel to the moon

I don't care whether the stocks drops again.

Its not that most of my investments are in stocks right now, its on Bitcoin and other cryptocurrencies. This pandemic is really proving how good it is to HODL cryptocurrencies. We don't know what will happen, all we know is that the price is in good place and it might even break the barrier at $12K. Drop or not, I will not take out my money on these.
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August 21, 2020, 04:51:06 AM
 #12

Stock market crashing or not doesn't really matter to Bitcoin tbh. Bitcoin would go to the moon whenever it wants, and there's no need to relate it to what happens on the stock market. I fully believe that Bitcoin would closely move to the moon at the start of the end of the year, though I also believe that the stocks would do everything to come back to where they were pre-pandemic, or even exceed that. If stocks were to continue plummeting at the rate similar to what happened at the start of the pandemic, then that would be quite odd. Most process right now is returning to normal, ever slowly that is, but still returning. That should warrant enough breathing space for companies to slowly recover.

R


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August 21, 2020, 05:13:38 AM
 #13

the only reason why bitcoin price dropped during the worldwide panic was that the bull market hadn't started yet and price was stuck behind a rather strong resistance and couldn't break it. so the tendency to drop was already there and whales took advantage along side the panic sell.

if another similar crash happens during the bull market it won't affect bitcoin at all. it will just lead to some whales losing a huge amount of money trying to go against the market just like what happened during 2017 and bankrupt many whales.

2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet.
you have no way of knowing that. just because some shitty site shows a movement and calls that a "whale" it doesn't mean it is real. that is $200 million you are talking about and i don't know any bank that allows you to transfer that much money to a bitcoin exchange to buy bitcoin with it! they will shut down your account in a blinking of an eye the moment you create the request.

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August 21, 2020, 06:51:37 AM
 #14

Perhaps, stock market crashes because of this pandemic, and the economy in many countries is not stable too. That makes people who invest in the stock market want to have money, so perhaps, they sell their investment in stock to get their money back. But for a long time, I think both the stock market and the bitcoin market will go up again. For Bitcoin, the price will go to the highest price, especially if the bull run comes to make a lot of money. I am waiting for bitcoin price to surge higher, and I don't think much about the stock market.
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August 21, 2020, 07:27:47 AM
 #15

We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.

The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
Very favorable thoughts for all Bitcoin Holders because this seems to be a promise that in due time Bitcoin will rise while stocks will dump.
But i don't see any good reason why stock investors needs to transfer their money inside crypto when the stock market is doing also great now?
personally it is like someone will say that Bitcoin holder can do the reverse of this that he will sell His Bitcoin just to transfer in stocks?
sorry mate i am a Bitcoin holder but i don't want to be mislead again nor i don't want to expect more than what market can bring me.
if this happens then i will be thankful but for now?I'm ok what the movement of this market is giving me.









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August 21, 2020, 08:05:19 AM
Merited by exstasie (1)
 #16

the only reason why bitcoin price dropped during the worldwide panic was that the bull market hadn't started yet and price was stuck behind a rather strong resistance and couldn't break it. so the tendency to drop was already there and whales took advantage along side the panic sell.

if another similar crash happens during the bull market it won't affect bitcoin at all. it will just lead to some whales losing a huge amount of money trying to go against the market just like what happened during 2017 and bankrupt many whales.


What you are saying is quite reasonable but I am not so sure about it because, after all, bitcoin today is conceived as an asset by most investors. A volatile, high-risk asset. Not a currencý, not the best store of value, but an asset.

What happened in March is that investors, faced with the catastrophe that was coming, sold all kinds of assets en masse to obtain liquidity. That is why everything went down, not only the stock market and bitcoin, but also gold.

And that can also happen again, no matter what the tendency is.

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August 21, 2020, 12:24:33 PM
 #17

There's a whole speculation that stocks and bitcoin are somewhat correlate, in which as you have describe. But probably that's one part of the equation, investors are constantly shifting funds around and putting where it can grow. However, I don't see that we need stocks for bitcoin to moon though. And maybe there is one correlation that we need to look at, that is both markets going on a bull run in 2021 despite the pandemic still lingering.

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August 21, 2020, 12:28:38 PM
 #18

This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up

And then the same people are going to sell off and move the funds to stocks again, vice-versa. And that's how smart investors or hedge funds managers do. Why not new money coming in not from stocks? New blood seeing that bitcoin is the only asset for now that can make their money grow in the next year or two?

We shouldn't look at stock people though, what we need is more investors to really fuel the next bubble. Or even average joe or people who are willing to hedge their wealth on BTC right now.

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August 21, 2020, 12:47:36 PM
 #19

There's a whole speculation that stocks and bitcoin are somewhat correlate, in which as you have describe. But probably that's one part of the equation, investors are constantly shifting funds around and putting where it can grow.
(....)
On this part, what can I say is it is really difference on how the stocks and Bitcoin are correlate to each other. But it's right, only pure SPECULATION. This is also what I noticed before and keep asking about the correlate part of these two but as time goes by, I started to understand somehow they don't really correlate (for my own opinion).
For now, for what I am experiencing on Bitcoin, Bitcoin is just being a Bitcoin, a huge volatility, and parabolic run is always possible, just like what happened last 2017 end of the month to 2018.

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August 21, 2020, 12:56:13 PM
Merited by 600watt (1)
 #20

No way. Bitcoin will be back under $10k soon enough whether stocks crash or not. There is no way this market can sustain prices above $10k for anything but momentary bouts of speculative euphoria. Eventually the price will be back under $10k for good.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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