UnknownUnicorn2825836

Stock market affect on Bitcoin

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Ok, so I'm sober today :( lol

I have been wondering about the effects of the stock market on the price of bitcoin . This is a sticky topic to have because there isn't really any historical data out there because BTC has really only hit a large enough level to be affected by stock market swings for maybe a year or so.

I see bitcoin as a hedge against world uncertainty. For example, if I live in Venezuela (thank god I don't lol) and my central bank is printing so much money on a daily basis that it is cheaper to roll joints with fiat versus rolling papers. The intelligent thing to do is to buy bitcoin . Bitcoin is not just Venezuelan inflation proof. It is worldwide inflation proof. If USD value goes down, then people with euros or pesos or whatever will buy bitcoin at a discount and raise the price of it vs USD.

I see bitcoin as more just inflation proof, it is a safe place to store money in almost any situation, provided that you will not need to use that money for at least a year or so. If you treat bitcoin as an investment you will be fine, even if you buy the bubble, you just have to be EXTRA patient.

The US stock market and world conventional markets have $hit the bed lately lol. They are finally feeling the natural effects of their flippant credit use and Quanitative easing. imho ALL conventional financial tools are MASSIVELY overpriced because of the effects of quantitative easing and the sheer amount of fluffing up the fed had to do just to keep deposits safe.

I personally see the reason that fidelity and many conventional investment firms are looking VERY intently at bitcoin and crypto right now is because you can only sell bundled defaulted mortgages for so long before you have a 2007 situation again. These are the very people telling their investors to NOT buy bitcoin , but they are purchasing exchange after exchange.

Businesses are like women. respond to what they do NOT what they say ;)

I don't want to make this super long, but I believe the "flash crash" we had a couple weeks ago that so perfectly mirrored what happened to the Nasdaq on the same day was a clear red herring. The powers at be wanted bitcoin to look like trashy over valued tech stocks, shake out some weak hands, and strengthen their positions even more. The bitcoin sell off literally happened in a 13 minute period lol 13 MINUTES. Only a fool thinks that is "market sentiment" that is whale posturing at its finest.

I don't hate whales. I love and respect whales. If you follow their hunting strategies you can make commensurate amounts of dinero people ;) but know they are wily b@stards and very intelligent.

I think smart conventional investors will be moving from trash nasdaq stocks to bitcoin relatively quickly. This is my opinion my stacks are ready for it.

Bitcoin is the safest thing to be invested into right now. Ask all the people that were invested in tether.

Bitcoin is the organic original, and it provides for those who trust in it.

Worldwide distrust of conventional finance is bitcoin's bread and butter.

Current portfolio composition:

BTC 16,1 %
ETH 50,0 %
BCH 9,3 %
XRP 22,7 %

Comment: btw please comment below if you have thoughts ;) I would love to start a discussion.

Crypto is super lonely. NO ONE I meet EVER know anything about it lol

The worst thing about crypto is you make AMAZING amounts of money in a short amount of time (sometimes), but women have no clue. the second you say "I'm in bitcoin" their eyes glaze over, and they start scanning for boring dudes with regular jobs lololololol
Comment: BTW.... I'm pretty sure I used "affect" wrong in the title... It probably should be "effect".... Everyone makes mistakes guy lol I've been hanging around too many europeans. My English is suffering lol

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out