A question for the community if the Stock Market does crash how do you think it would affect Bitcoin ?
It won't be good. Bitcoin seems to be unlike gold in that Bitcoin tends to go up when times are getting better and vice versa. In fact, I'm sure that there's at least one stock market pro passing around the theory that Bitcoin might be a leading indicator for the stock market.
Given that Bitcoin turned south about a month before the stock market did, that's a hunch which might get some traction.
Somewhat Related: 'Round here, the oldbies have been telling everyone to HODL. Adjust for terminology, and stock-market pros are saying the same thing. Just read five or so articles on this Bloomberg feed and you'll see it:
I've spent some time noodling around a different forum, in a couple of threads filled with experienced investors. What's noteworthy is how little fear there is. The bulk of those investors are taking the dip in stride. Many of them are philosophical in a "what goes up must come down" way.
I don't know what's going to happen to the stock market; I really don't. What I do know is that there's surprisingly little worry.
Yeah.., I thought that was a little weird, that nobody seemed worried at all!
A small part of me thinks it's a little eerie, but only a small part.
Not that it matters: I'm long gone from the stock market. But still...
I was down on Wall St the other day (not finance related, Im a bartender), the whole place gives me the creeps!
Yeah; it was more fun when the shibes turned the Wall Street Bull into the Wall Street BullDoge :)
Hahahaha -- I love it!
There is definitely a lack of a sense of humor down there...
Not a good sign, that lacking.