Silberman
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August 25, 2020, 05:14:13 PM |
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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
Obviously I will like this scenario to happen but when do you think we will see something like that? Because after the crash that we saw the stock market has recovered really quickly as well in the same way that bitcoin has done so, which push the theory that the stock market and bitcoin are correlated even further, which means that as of right now it is more possible that if the stock market crashes then bitcoin will crash with it as well.
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el kaka22
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August 26, 2020, 03:47:15 PM |
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Bitcoin needs to be ready to take place of fiat currencies first. There is really not that many places that you can spend bitcoin, if there were a lot of places that bitcoin could be used at the very least people could spend it instead of selling it, and people who get it will spend it somewhere else, and just like that we would be like fiat currency and there would be no need for selling and spending that way.
On the other hand right now, people can't spend it everywhere, which causes people to sell their coins to buy stuff or pay for stuff which drops the price of bitcoin. If the economy crisis comes people will need money and they will sell their coins if they can't spend it and which will cause bitcoin to actually go down with other stuff together as well.
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wxxyrqa
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August 26, 2020, 05:22:59 PM |
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The stock market is stocks, shares, bonds, currency and other assets, and the stock market indicators depend only on their demand and prospects. In any case, a very large inflow of institutional capital to the cryptocurrency market has already been noticed, but this does not mean that the end is approaching for the stock market. There is always a company that will keep this market afloat. As an example, Tesla can be cited, which, despite certain problems due to the economic crisis, has shown very stable growth almost since the beginning of August, while only over the last day more than 5% growth in Tesla stock prices can be recorded.
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bearexin
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August 28, 2020, 06:07:23 PM |
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Bitcoin needs to be ready to take place of fiat currencies first. There is really not that many places that you can spend bitcoin, if there were a lot of places that bitcoin could be used at the very least people could spend it instead of selling it, and people who get it will spend it somewhere else, and just like that we would be like fiat currency and there would be no need for selling and spending that way.
On the other hand right now, people can't spend it everywhere, which causes people to sell their coins to buy stuff or pay for stuff which drops the price of bitcoin. If the economy crisis comes people will need money and they will sell their coins if they can't spend it and which will cause bitcoin to actually go down with other stuff together as well.
I'd like them to co-exist it's possible that they can both have their own traits and sectors to serve, their people from far away places that do not have access to the computer, and a city to get things done in a fast and comfortable way should have a cashless transaction with no third party involve they both have their own purpose to serves. Hopefully the connection between them will be closed one day. Like the old saying about bitcoin itself, the point of bitcoin is not to be worth 10k dollars or 100k dollars or a million dollars, the point of bitcoin to be worth bitcoin and that is what matters, you should not be spending fiat to buy bitcoin and then get rich in bitcoin and sell that bitcoin back to fiat and spend that, it is not what bitcoin was suppose to be created for. You should get bitcoin and spend bitcoin and earn bitcoin, that is how it should be. Which is why I hope that stock market goes up or down, bitcoin should not be affected by it at all, it should be totally irrelevant from each other, if that happens that would be a lot better for bitcoin to actually move independently from other things.
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taufik123
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Rollbit.com | Crypto Futures
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August 28, 2020, 10:32:57 PM |
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I don't think I'm a fool. Financial markets always go together when something goes wrong and it is a natural law. When you know that an economic crisis occurs, people will store food instead of coins or stocks of large companies. They would sell everything to buy food and save their lives, we all know this. Do not rely on Bitcoin's supply to speak of its value, Bitcoin is just a tool for whales to manipulate the market. besides, it was of no other value. Be alert and don't be trapped by whales.
Whales have thought of a strategy to manipulate the market by buying thousands of BTC and waiting for the right time to sell it. When the pandemic affected all sectors of the economy including the stock market, the effect felt by BTC was only slightly and BTC was again bullish and was able to break the $ 12k mark. Being alert to the whales trap is necessary, because the bearish risk of bitcoin will still occur, when the market is getting saturated.
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LogitechMouse
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August 29, 2020, 01:06:14 AM |
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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
What stock are you saying?? If you are referring to S&P500, it is on its new ATH already or at lest near on it so dumping is normal already on it. Your optimism is that high but don't expect that those knowledgeable ones will agree with what you said. Only the newbies who always say that "Bitcoin will go to the moon" or "Bitcoin will not go down. UP UP UP!!!!!" are the ones who will believe to your statement. Stock market and Bitcoin are somewhat correlated if you will put their charts side by side and Bitcoin's price isn't in one direction only lols.
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Gotumoot
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August 29, 2020, 06:14:05 AM |
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This has been a good theory for so long whenever the stock market crashes the crypto would bloom, It is so simple because some believe that the people who pulls out on stock market would invest in crypto but we couldn't really guarantee it. So this is all just a theory for me.
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naikturun
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August 29, 2020, 06:25:49 AM |
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not really, when all the markets fell in march, btc and altc also experienced a decline so everything will be related to each other even though different fields of investment type.of course the main reason is this pandemic, warren buffets say this is the greatest crash or crisis in history because the economies around the world go down simultaneously.and this pandemic is the worst than the previous one, even though it only claimed a few casualties, the economic effects it caused were very damaging.
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reliable
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August 29, 2020, 06:49:03 AM |
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This has been a good theory for so long whenever the stock market crashes the crypto would bloom, It is so simple because some believe that the people who pulls out on stock market would invest in crypto but we couldn't really guarantee it. So this is all just a theory for me.
Stock markets from past couple months are rising and bitcoin in same time has risen and reached 12k levels as well so here we can see that both were simultaneously rising and not that markets fall and then only btc rise. So, their is no correlation as such I think.
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carlisle1
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August 29, 2020, 09:04:08 AM Last edit: August 29, 2020, 09:24:14 AM by carlisle1 |
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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.
And this vaccine will surely Bring back the momentum of Stocks and This crypto market as People are now looking for assurance that this Pandemic will not strike again as what it did last march and until now. having this vaccine will make all investors calm and play again as they use to do before this Covid19 issue turns the whole world an the market also. 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.
I don't know what is the connection of Stocks Need to Fell first Before crypto or Bitcoin starts to Goes up again? OP you should explain it well how this needed to happen and what is the circumstances that Stocks will break again like what happen couple months ago.
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LUCKMCFLY
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August 29, 2020, 06:26:59 PM |
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Due to the scenario that OP shows that it is possible and forced at the same time, if a global collapse occurs it is not that everyone takes refuge only in Bitcoin, also in gold since it is the safest haven asset, bitcoin is a safe asset in the countries With high inflation, if a global economic catastrophe occurs, where the particular economies of those countries can benefit the most.
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Silberman
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August 29, 2020, 06:52:17 PM |
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not really, when all the markets fell in march, btc and altc also experienced a decline so everything will be related to each other even though different fields of investment type.of course the main reason is this pandemic, warren buffets say this is the greatest crash or crisis in history because the economies around the world go down simultaneously.and this pandemic is the worst than the previous one, even though it only claimed a few casualties, the economic effects it caused were very damaging.
I think that the expectations of the stock market crashing and then the market of cryptocurrencies going up as a result of this are unrealistic, now that institutional investors are coming to this market it is safe to assume that they have positions in both markets and if there is a crash in the stock market you can be sure that many of those institutional investors will decide to sell their coins not because they have lost their faith in the market but because they need the money, and when there are so many people trying to sell at the same time then it will be completely natural for the market of cryptocurrencies to crash, which is exactly what we saw in March.
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smyslov
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August 30, 2020, 11:10:24 AM |
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I think that we need to take into account the situation that is happening in the stock market and occurs due to the depreciation of national currencies, as well as due to the fall of the economic crisis, which is strongly affected by the coronavirus pandemic. It is in this difficult situation that many investors are looking for an alternative and bitcoin, as well as other rated cryptocurrencies, are very profitable assets for investment. In addition, for experienced agents and traders, the cryptocurrency market provides tremendous opportunities to increase their capital thanks to the volatility of cryptocurrencies. therefore, I believe that market deals are positively calculated in the cryptocurrency market.
I'm pretty sure that those who have eyes on Cryptocurrency but not yet invested until they can prove that Bitcoin is not a bubble will now believe and affirm it that Bitcoin, is a good and safe investment they will included it now in their portfolios, but we cannot force stubborn people like the likes of Buffet to invest. if we can get half of them here in this market we are all good.
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Rana590
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August 30, 2020, 12:16:47 PM |
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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.
In my opinion bitcoin won't be back under $10k in this year. At this time, bitcoin is strong enough and it has ability to break $15k very soon. If we support bitcoin by holding, we will be able to get some good news soon. We don't know that. It reached a good price in a short period of time, there is a chance that it can do the opposite at the same period of time. It may break barriers but I think it will again go back to 4 digits before going back to 5 digits. Price is okay for this time. I told above that we can make bitcoin in our sweet well if we support it strongly. But yes, bitcoin can up or down any time as it is the basic rules.
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Ayiranorea
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August 30, 2020, 06:16:33 PM |
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I think that we need to take into account the situation that is happening in the stock market and occurs due to the depreciation of national currencies, as well as due to the fall of the economic crisis, which is strongly affected by the coronavirus pandemic. It is in this difficult situation that many investors are looking for an alternative and bitcoin, as well as other rated cryptocurrencies, are very profitable assets for investment. In addition, for experienced agents and traders, the cryptocurrency market provides tremendous opportunities to increase their capital thanks to the volatility of cryptocurrencies. therefore, I believe that market deals are positively calculated in the cryptocurrency market.
I'm pretty sure that those who have eyes on Cryptocurrency but not yet invested until they can prove that Bitcoin is not a bubble will now believe and affirm it that Bitcoin, is a good and safe investment they will included it now in their portfolios, but we cannot force stubborn people like the likes of Buffet to invest. if we can get half of them here in this market we are all good. Agreed on the statement, because of the pandemic people were sure of the growth decline in all sectors. Stock too isn't an exception of the same. The stocks dropped very big, same as stocks is the prediction upon bitcoin. To the expectation there is good growth and this happened in a gradual manner. This might add more trust upon bitcoin from the common people who are used to traditional platforms in large scale than the technology based development.
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samcrypto
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Vave.com - Crypto Casino
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August 30, 2020, 09:48:32 PM |
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This has been a good theory for so long whenever the stock market crashes the crypto would bloom, It is so simple because some believe that the people who pulls out on stock market would invest in crypto but we couldn't really guarantee it. So this is all just a theory for me.
Stock markets from past couple months are rising and bitcoin in same time has risen and reached 12k levels as well so here we can see that both were simultaneously rising and not that markets fall and then only btc rise. So, their is no correlation as such I think. Stocks are recovering from the fall and currently they moved the same as bitcoin so its hard to say that if the stocks goes down again, bitcoin will hit the moon. Stocks are also a profitable market and if the investors sees a cheaper stocks I’m sure they will not switch to bitcoin easily, they will buy that stocks because they know it will rise again and it happened.
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Yamifoud
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August 30, 2020, 11:40:14 PM |
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Bitcoin adoption increase as the pandemic closes some door in local stock investment, closes of many establishments, and limited use of fiat money. People are now seeing online investment seems too good and another way to find a source of income. They'll come into Bitcoin investment for they know that this could possibly save them from being jobless and being bored staying at home but rather to spend time in trading or whatever it is.
The fact the Bitcoin surge is because the demand increases and more people have found it out. They never realize it before as the stock market still hot and really promising but for now, it twisted their minds but consider crypto as a big opportunity.
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Reatim
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Eloncoin.org - Mars, here we come!
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August 31, 2020, 02:38:39 AM |
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Bitcoin needs to be ready to take place of fiat currencies first. There is really not that many places that you can spend bitcoin, if there were a lot of places that bitcoin could be used at the very least people could spend it instead of selling it, and people who get it will spend it somewhere else, and just like that we would be like fiat currency and there would be no need for selling and spending that way.
it is indeed mate,the problem about how we can spread and use Bitcoin is the limited chances,we only have Trading to make it circulate and minimal ways in payments as the availability of acceptance is really fewer,most of the time it needed to be convert first into fiat before letting it to be spend On the other hand right now, people can't spend it everywhere, which causes people to sell their coins to buy stuff or pay for stuff which drops the price of bitcoin. If the economy crisis comes people will need money and they will sell their coins if they can't spend it and which will cause bitcoin to actually go down with other stuff together as well.
actually we are economic crisis now but the search and looking for option is there and part of it is Bitcoin and other cryptos. Meaning we can expect both part,some will convert to fiat because of unavailability to get use and others will Buy Bitcoin because they can use in their country.
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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bitcoinisbest
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August 31, 2020, 06:01:43 AM |
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now global finance is experiencing a crisis due to the corona pandemic and that is also having an impact on the crypto world. but it is not too impactful because crypto enthusiasts prefer to retain their assets
If you see during the last 4-5 months for crypto it has only risen like it was below 10k levels and was finding it difficult to surpass 10k levels. But during this pandemic only it had crossed 12k levels as well and though it could not sustain much above it and fall back to current price of 11700$. But this shows that bitcoin will continue to boom irrespective of the tough time the world economy is going through and infact people are believing and investing in crypto continues to happen.
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Saisher
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August 31, 2020, 10:26:29 AM |
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now global finance is experiencing a crisis due to the corona pandemic and that is also having an impact on the crypto world. but it is not too impactful because crypto enthusiasts prefer to retain their assets
Not many of us, there are weak hands that dump their shares whenm the news of the pandemic erupted, this is expected when the going gets tough the tough are the only one who gets going, only those who are truly believers and Technology movers are the one who keep up and support the market on it's trying times, it sustain the market and move forward until we are in a current position.
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