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Author Topic: Would people pour their cash into bitcoin given a stock market crash?  (Read 8668 times)
InwardContour
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July 04, 2014, 01:04:49 AM
 #121

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

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CoinsCoinsEverywhere
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July 04, 2014, 06:17:27 AM
 #122

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
Harley997
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July 04, 2014, 07:07:33 AM
 #123

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
A ETF would not be available in most workers' 401(k) accounts as the investment choices are limited by the plan administrator of the accounts.

I would be very interested to see how fungible a BTC EFT is compared to bitcoin. That is how easy it would be to go from a share in the ETF to bitcoin.

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CoinsCoinsEverywhere
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July 04, 2014, 07:21:42 AM
 #124

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
A ETF would not be available in most workers' 401(k) accounts as the investment choices are limited by the plan administrator of the accounts.

I would be very interested to see how fungible a BTC EFT is compared to bitcoin. That is how easy it would be to go from a share in the ETF to bitcoin.

Really?  Plan administrators restrict the ETFs you can buy in a 401(k)?  I didn't know that as my retirement plan only allows investment in mutual funds.  Maybe I was thinking of IRAs.  In any case, thanks for pointing that out.
Harley997
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July 04, 2014, 06:21:46 PM
 #125

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
A ETF would not be available in most workers' 401(k) accounts as the investment choices are limited by the plan administrator of the accounts.

I would be very interested to see how fungible a BTC EFT is compared to bitcoin. That is how easy it would be to go from a share in the ETF to bitcoin.

Really?  Plan administrators restrict the ETFs you can buy in a 401(k)?  I didn't know that as my retirement plan only allows investment in mutual funds.  Maybe I was thinking of IRAs.  In any case, thanks for pointing that out.
You can't actually trade ETFs with a 401k the same way that you can trade them in a normal brokerage account, but you can hold some ETfs if the plan allows it.

You are correct to say that you can hold any ETF in an IRA (as long as it trades on a major exchange) but the value of funds in IRAs is much less then what is held in 401(k)s

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PRIMEDICE
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July 05, 2014, 10:27:37 PM
 #126

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
A ETF would not be available in most workers' 401(k) accounts as the investment choices are limited by the plan administrator of the accounts.

I would be very interested to see how fungible a BTC EFT is compared to bitcoin. That is how easy it would be to go from a share in the ETF to bitcoin.

Really?  Plan administrators restrict the ETFs you can buy in a 401(k)?  I didn't know that as my retirement plan only allows investment in mutual funds.  Maybe I was thinking of IRAs.  In any case, thanks for pointing that out.
I wouldn't worry about people pouring their retirement funds into bitcoin when the ETF comes out, I would be excited about large institutions buying into bitcoin. If consumers wanted to invest in bitcoin they could simply buy it via an exchange.

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ShakyhandsBTCer
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July 06, 2014, 01:32:50 AM
 #127

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

Probably true, but direct investment will have a much larger effect on bitcoin price than adoption.  Additionally, a bitcoin ETF would grant access to a lot more capital as people could then invest with 401ks and other retirement savings.
A ETF would not be available in most workers' 401(k) accounts as the investment choices are limited by the plan administrator of the accounts.

I would be very interested to see how fungible a BTC EFT is compared to bitcoin. That is how easy it would be to go from a share in the ETF to bitcoin.

Really?  Plan administrators restrict the ETFs you can buy in a 401(k)?  I didn't know that as my retirement plan only allows investment in mutual funds.  Maybe I was thinking of IRAs.  In any case, thanks for pointing that out.
You can't actually trade ETFs with a 401k the same way that you can trade them in a normal brokerage account, but you can hold some ETfs if the plan allows it.

You are correct to say that you can hold any ETF in an IRA (as long as it trades on a major exchange) but the value of funds in IRAs is much less then what is held in 401(k)s
Maybe once enough people invest in bitcoin in the "mainstream" world then more large, early adopters will sell their holdings, further diversifying the holders of bitcoin in circulation 
okthen
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July 06, 2014, 01:35:15 AM
 #128

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

So it's set. We need that market crash to come after the Winklevoss eft comes to light.
Hurry up guys! Grin
ShakyhandsBTCer
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July 06, 2014, 02:01:52 AM
 #129

A stock market crash right now wouldn't affect too much bitcoin. There's still not enough infrastructure/awareness to allow stock traders to quickly move to cryptos.
However, if it happens in a year or so, the scenario might be completely different and cause a major buy in into btc.

Yes, there needs to be an easy way to sell stocks and buy bitcoin (or a proxy thereof) on the same platform.  If/when a bitcoin ETF becomes tradable, it will then be possible for average investors to buy into bitcoin easily.
The ETF will also likely increase public awareness of bitcoin, causing more people to adopt bitcoin.

So it's set. We need that market crash to come after the Winklevoss eft comes to light.
Hurry up guys! Grin
I would argue that public adoption would increase regardless of a market crash once the ETF starts trading.
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