This time when the stock market crashes, Bitcoin will go to moon!

[beerlover]

I do not agree with this in general, strong stock market means strong economy, strong economy means a good life, a good life means not having to worry about money and not having to worry about money means there is enough to save aside at the end of every month.

When people have enough money to save and invest that means some of them will pick crypto and bitcoin prices will go up, however when stock market crashes that means people lose money and companies fire people and some even bankrupt, when that happens there are less people with money in their pockets to save and that means they will sell their crypto to pay for stuff. So, as you can see it doesn't 100% mean they are connected but there is a bit of connection between stock market and crypto market even if we do not want to.

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[Findingnemo]

Not completely but there will be some transfer of the total marketcap from stocks into the cryptos especially the one who cashed out in February 2020 because now they can buy the same amount of stocks with the profits itself and can invest the remaining on cryptos...

[wiss19]

Let's hope that bitcoin market could handle another situation like this because we are talking about a situation where stock market crashing very frequently and if it crashes once again it is not just the investors of those stocks that is losing money, we are talking about the whole companies bankrupting and all market crashing so those profits erode as well and assets do erode as well so basically a ton of wealth suddenly evaporates suddenly.

This is why I would like to see stock market not crashing that frequently, it may be caused by the super rich peoples greed basically taking over everything but I still do not want them to crash, because when they crash all of the economy gets affected by it and we go down along with them. So, let's hope that doesn't happen anytime soon.

[plr]

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

It took a pandemic for these investors to make a big switch, it's more like a domino effect, when the news of the pandemic broke out, investors are looking for some haven to transfer after they liquidate and so they find Cryptocurrency , when things are not looking good every one is looking for the best option, and they find Cryptocurency as their best option.

[jademaxsuy]

Stock market exchange can crash especially that with bitcoin and other crypto trading is now possible and more volatile than stock market exchange. This will not going to happen quick but little by little stock market trader will transfer to crypto market trading. There are already reported that some stock market trader are now in both in crypto tradind and stock market and others completely left stock market to join crypto trading.

This is the new trend now in doing investment. It is easy and income generating like having a passive income. But the risk is still there and that losses will going to happen in this kind of investment.

Talking about passive income, cryptocurrency may almost had it all if one knows when to invest and when to sell. Bitcoin is really that volatile and simple and easy analysis will going to apply for long term and short term goal crypto holders but if it is about trading then it would be difficult however professional trader had been doing this and they earn income to day trading.

[Silberman]

I do not agree with this in general, strong stock market means strong economy, strong economy means a good life, a good life means not having to worry about money and not having to worry about money means there is enough to save aside at the end of every month.

I have seen studies in the past that found out that a strong economy does in fact means we have a strong stock market but that having a strong stock market does not necessarily means we have a strong economy, what this means is that the stock market could be doing well and the economy could be performing badly and that is exactly what we are seeing, the stock market recovered at an impressive speed because all of those that have capital decided to invest in the stock market instead of creating new businesses and while we cannot blame them as things are not looking good at the same time this means that sooner or later the stock market will go down again as the divorce between the markets and the economy cannot continue for long.

[STT]

If main markets retract then I definetly expect quite similar behaviour from Bitcoin at least at first.   Theres always some froth and rapid movement to crypto that isnt exactly the same as its solid base line and continued gain over years, the low point for BTC still represents year to year quite a good price but its far more boring then the rapid spikes we can see upwards.  The bigger moves upwards relate to speculation and that puts it inline with hot money on stocks and all kinds of normal market activity, so they sell likely we have a quite similar attitude then also.

[el kaka22]

Let's hope that bitcoin market could handle another situation like this because we are talking about a situation where stock market crashing very frequently and if it crashes once again it is not just the investors of those stocks that is losing money, we are talking about the whole companies bankrupting and all market crashing so those profits erode as well and assets do erode as well so basically a ton of wealth suddenly evaporates suddenly.

This is why I would like to see stock market not crashing that frequently, it may be caused by the super rich peoples greed basically taking over everything but I still do not want them to crash, because when they crash all of the economy gets affected by it and we go down along with them. So, let's hope that doesn't happen anytime soon.

Yeah, stock market crashing has levels as well, which one are we talking about? Sometimes market crashes just a bit, has a bad day, those things happen like once a month for sure, it is pretty common, it is not as volatile as crypto market but it certainly has its own bad days as well, during those days bitcoin could go up easily, they are totally unrelated in that regard, their bad and good days do not have to be on the same day.

However if we are talking about these HUGE crashes, they should be around the same time, whatever hurts the stock market so much, usually hurts the crypto market as well and look at this year, when we went down a lot stocks went down too, when we recovered they recovered as well so we could totally say that pandemic effected both of them equally.

[buwaytress]

Whoopsie Stonks, guess this time Bitcoin decided to follow the stockmarkets again yeah? Way of them to go so high and then take THAT tumble yesterday (or was it the day before now? Everything's blurred to me now).

Don't worry though, still doesn't mean much in the long term. Equity reacts on crashes is all.

[blckhawk]

Sounds convincing and I partially agree with it. Due to pandemic stock are drastically decreasing along with that some big companies are closing. If this continues, investors will have no doubt of moving their investment to cryptocurrencies without any hesitation. And if this situation really happens, Bitcoin and other cryptocurrencies will surge which we practically have seen in the last few months.

[Febo]

We sort of have a stock market decline. Not a crash but a retrace. And what happened with Bitcoin? It also lost value about the same as stocks. Bitcoin and stocks live in the same economy. Yes they go up and down differently and Bitcoin should recover faster when the actual crash happens.  But for sure Bitcoin will not ignore anything that stock market and economy do. 

[exstasie]

Still in lockstep:





If the stock market actually crashes, it's abundantly clear BTC is going to the depths of hell. I don't really see a crash on the horizon though. A sharp correction sure; I've been saying that for a while with the S&P 500 trading so far above the daily MAs. A drop to the 50DMA in the 3,200s or the 20WMA in the 3,100s would be reasonable.

For BTC, that could very well mean filling the CME gap at $9,600. Or maybe tagging the 0.382 of the March-August rally in the $9,100s.

[bitbunnny]

I don't think there is direct connection between stock market and Bitcoin price. Currently there isn't the best time for stock market, although I wouldn't call it a crash, but we also have Bitcoin price correction it fell under 11000$, so your theory isn't quite right.

[btc_angela]

I don't think there is direct connection between stock market and Bitcoin price. Currently there isn't the best time for stock market, although I wouldn't call it a crash, but we also have Bitcoin price correction it fell under 11000$, so your theory isn't quite right.

It's not really a market crashes, the last crashed we've seen is in March, this some sort of decline is some sort of manipulation, but it did bring stocks along with it as well. So there is some sort of direct connection again. But history proves that this kind of correction is healthy as, $9k will be a great time to enter again.

[justdimin]

Unfortunately while stocks are recovering and things are doing well in the regular market, we are not doing that well in the crypto world, so could we say that vice versa works as well? I mean sure when next time market crashes, we could see bitcoin going up, and I am not saying anything against that, but seeing how crypto is going down while market is going up, could we say that what OP says could work in reverse as well?

When crypto crashes market goes up? Or we could say when market goes up, crypto crashes? It is not really an impossible thing, because if market goes up that means people are fine with putting their money into the market and if people are fine with putting their money into the market that means they are also fine with not buying crypto as well which could cause it to go down.

[pixie85]

Kind of looks like the beginning of something. As usuall crypto follows the stocks down with more volatility.

I've read some predictions that stocks are currently overbought and many traders expect a correction. If we get another wave of corona in Autumn this really might happen.

[dunfida]

We sort of have a stock market decline. Not a crash but a retrace. And what happened with Bitcoin? It also lost value about the same as stocks. Bitcoin and stocks live in the same economy. Yes they go up and down differently and Bitcoin should recover faster when the actual crash happens.  But for sure Bitcoin will not ignore anything that stock market and economy do. 

Why people are really fan on making correlations between this markets not only on stocks but also in forex as well.They do presume out when stocks decline then crypto market will go up which is really a very
wrong perception for someone in terms of investment decisions.They arent correlated period but i cant blame of those people who do make use of these informations to be included into their analysis but i would
say that it doesnt really give out that kind of precision or in high chance for it to happen.People will just eventually learn that this wont really work in reality. Institutional money might be flowing into this market
but no one will surely notice it.

[Silberman]

If main markets retract then I definetly expect quite similar behaviour from Bitcoin at least at first.   Theres always some froth and rapid movement to crypto that isnt exactly the same as its solid base line and continued gain over years, the low point for BTC still represents year to year quite a good price but its far more boring then the rapid spikes we can see upwards.  The bigger moves upwards relate to speculation and that puts it inline with hot money on stocks and all kinds of normal market activity, so they sell likely we have a quite similar attitude then also.

This is what I expect as well, after all there are many people that are invested in both markets and if the stock market goes down then it is to be expected that those people will sell their coins and try to recover some of the money they lost on the stock market, this will increase the supply of bitcoin on the exchanges while the demand is the same making the price to go down, however after that initial drop if we find out this is the beginning of a currency crisis I expect bitcoin to recover relatively quickly while the stock market keeps crashing.

[kotajikikox]

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

retain their assets?meaning still Holding?
yeah some but many had already panicked that's why we fell down to $10k now though this is still higher than what we have in the mid of 2nd quarter.

Kind of looks like the beginning of something. As usuall crypto follows the stocks down with more volatility.

I've read some predictions that stocks are currently overbought and many traders expect a correction. If we get another wave of corona in Autumn this really might happen.

So at least Crypto market did the correction first before the stocks?then we can see the impact in the following days or weeks i think.
Or i miss the point?stocks and crypto both have same correction at the same time?

[Janation]

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.

Right now we are sliding back and forth at the price of $10K.

The wall between $11K and 12K might be close but it is so hard to break through. Despite the support we have, there will always be a time like this and we can't control that since there are a lot of other investors and not just us, it can also be manipulated, it might be a correction or an effect of a scam or hack, we don't know. This will happen and all we can do is to adjust and take advantage of it.