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

[pixie85]

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?

They both begun to fall on September 2. You can see the dates at the bottom of the chart.

That's why I think stocks were the main reason for Bitcoin's correction and if it continues Bitcoin might even go lower to the sypport at 8500 USD.

If you google S&P 500 you'll see that it's more or less acting like Bitcoin and continues to fall. 1m chart looks like a textbook correction on both indexes.

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[atjiat]

In 2020, all the negative consequences of the pandemic that caused a large-scale economic crisis have changed the attitude of investors towards cryptocurrency, both retail and institutional. Many investors choose Bitcoin as one of the best assets against the backdrop of falling stocks and therefore any deterioration in the situation in the stock market has a positive effect on the cryptocurrency market. In addition, analysts predict a positive growth trend for bitcoin, given that miners are not ready to sell their bitcoin reserves at the current price. Mining companies store a significant amount of bitcoin, which exceeds the maximum for several years. And the fall in the price of Bitcoin in September helped long-term investors build up their holdings. I believe this is a very good circumstance for a future bull run.

[imstillthebest]

the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .

 is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over

[STT]

I was thinking the opposite for now, the market is more positive as of late and we are even heading into the weekend close yet BTC remains quite subdued which could be masked weakness that will show when the market has its next rainy day.     I'll wait for Monday because I dont especially trust weekend prices unless we see good volume perhaps.

[hahay]

Right now the stock market is falling but I don't see bitcoin not even heading for the moon, if every time the stock market collapses then bitcoin hits the moon I think it's very unlikely, maybe it will happen several times which in fact is just an incident that happens to happen simultaneously. This incident cannot completely be used as a benchmark, because these two things will definitely continue to move according to their respective trends, so if you want to invest then just do it, after all the movement will always be there because of the constant demand in the market.

[lixer]

People believe these type of things because after 2008 bitcoin was created, it wasn't just a response to it because Satoshi has been working on it for a long time before the 2008 crash happened but since bitcoin got published after the fact, it looked like it was a response to 2008. So, right now we all know that regular market is centralized which means that bitcoin is decentralized so that shows how different we are and when stocks go down and economy is bad, people should run away to bitcoin to save their money.

This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?

[target]

People believe these type of things because after 2008 bitcoin was created, it wasn't just a response to it because Satoshi has been working on it for a long time before the 2008 crash happened but since bitcoin got published after the fact, it looked like it was a response to 2008. So, right now we all know that regular market is centralized which means that bitcoin is decentralized so that shows how different we are and when stocks go down and economy is bad, people should run away to bitcoin to save their money.

This makes sense do not understand me wrong, however when people are poor that is the last thing that comes to their minds. I have seen a lot of apathetic people who said Venezuelans should have bought bitcoin to save their wealth, they didn't even have food to buy even if they had money and you expect them to buy bitcoins?

Thats the sad part of the story.  Not everyone can afford BTC and the poor will always buy the necessity first. The first thing that a person would think of is to survive everyday and not to make money in the future.

Even when BTC is likely developed to hedge when all else are crashing, its still not for all. It however open for innovations that is why altcoins surfaces and now as an option that anyone can afford to invest into.

[Silberman]

the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .

 is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over

You should not expect that to happen overnight, do not think of this as an event think of this as a process, the stock market has also recovered significantly after the huge crash that it suffered at the beginning of this year due to the pandemic, it seems that people are not as afraid of the pandemic as they were back then because now we have a lot more information and not rumours, however the economy is not doing well despite the stock market indicating otherwise and it is known this cannot continue for long before the stock market depicts the same reality as the economy in general.

[dunfida]

the stock did crash and btc goes up but it didnt moon yet . now btc started to fall again .

 is there any hope left ? what market should be crashed next in order to gather more people to join here but i think there are no more because the pandemic already crashed almost any markets but with some exception maybe to cryptos . so far crypto market is standing still and the only way to push them above again is when the pandemic is over

You should not expect that to happen overnight, do not think of this as an event think of this as a process, the stock market has also recovered significantly after the huge crash that it suffered at the beginning of this year due to the pandemic, it seems that people are not as afraid of the pandemic as they were back then because now we have a lot more information and not rumours, however the economy is not doing well despite the stock market indicating otherwise and it is known this cannot continue for long before the stock market depicts the same reality as the economy in general.

We cant really make out conclusions basing of on presumptions and kind of views and we have already seen that stock market did really experience some depression or dumps but
doesnt mean that it would really be on the floor or wont able to make out some recovery and these markets including forex had been here for a very long time and as usual
a market does really have those bull and bearish runs depending on fundamentals that do happen.It might reflect or not depending on the buyers and sellers on the market
which is the main players when it comes to movement.

[akram143]

We can't say it conclusively, bitcoin crashed as well when the whole economy got crashed so all we can do is just hope and it won't fall if there is recession or complete crash in the future.

But I don't know what is the value to say moon reached? $50K?