Post
Topic
Board Speculation
Re: The Stock Markets AROUND THE WORLD are crashing .... What will BTC do?
by
thejaytiesto
on 08/01/2016, 15:18:12 UTC
Goddamn it!!!  Every time the markets crash I'm stuck without cash to buy any stocks with.  I think I'm going to start putting some aside and stop buying bitcoin for a while, because I suspect the stock market is going to drop a lot more before we see the end of this.  It was down again today, and if this keeps going we're going to have a bleak 2016--but stocks will be cheaper!

Don't know about bitcoin, though.  Has anyone actually done any econometrics with it, e.g., figured out how it moves with relation to the stock market or bond market or any others?  I'd be very curious.

Why would you buy stocks when they are crashing? Way to catch a falling knife to be honest. It's just best to stay all in on Bitcoin, what tells you that when you buy those stocks which looks like a good buy, they will not continue falling? 

Now DOW futures are up triple digits and the Hang Seng is recovering.  Impossible to predict this.
Yeah I find it amusing that someone would not go big on Bitcoin because "it's impossible to predict" but pretends to predict the stock market which is insanely rigged specially all that S&P500 and OIL. The only way to be sure you aren't getting rigged is if you invest in some unknown company that you think it's up and coming.. but that is again a big gamble in itself, way bigger than belting on Bitcoin reaching an ATH in 2016.