Quote from: r0ach on June 14, 2016, 07:41:17 PM

So MatTheCat is planning to enter the stock market on the verge of the biggest stock collapse in world history. Two thumbs up.

...and how do you think that Bitcoin is going to fare, during the 'biggest stock market collapse' in world history?

If the nominal value of bits of paper that represent shares in actual companies that produce wealth are all set to evaporate, what do you think is going to happen to the value of digital tokens, backed by the square root of fk all?

"argghhh....our hedge fund is cratering.....quick, charge into Bitcoin!!" Cheesy

lol

Since 2015, Bitcoin has traded in harmony with US equities. On Friday, US equities put in bearish market strcuture. Bitcoin hung around in Limbo. Wall St closed. It was the weekend, no more institutional trading until Monday am...Bitcoin pumps like a motherfucker, almost like it has never pumped before. Monday AM New York Time, US equities crater further, Bitcoin puts in a top and since then has been consolidating at best, or putting in bear market structure at worst.

I am not brazen enough to say that because equities are tanking (or rather look like they are going to tank), that Bitcoin will also tank, even in the face of the Halving event, but if the totally observable relationship of the past 12 months holds, then correct alongside equities Bitcoin surely will......and in a post halving environment, in the midst of the biggest market shit storm the world has ever seen, Bitcoin will get fucking slaughtered. Bitcoin will be amongst the very first things that get dumped by any high risk/ high gain hedge funds holding them, because Bitcoin is one of the riskiest assets u can possibly hold....it aint gonna do well in a 'risk off' market environment.

I suggest you sit with ur fingers crossed that the markets stay up, as opposed to sitting with ur fingers crossed that they tank.