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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 15/12/2019, 02:00:44 UTC


Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.

- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.

Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.

The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.

Totally agree.

Bitcoin hasn't experienced a big market sell-off yet as it was born after the last one. So we don't really know how it would react but the most probable scenario is what you are saying. At least on the first stages of a financial crash, maybe it would recover faster than other assets though.

Let's just hope we don't have to experience that any time soon.