Post
Topic
Board Altcoin Discussion
Re: If stock market starts to crater, should we switch to BTC or USD?
by
deathcode
on 07/04/2021, 05:50:50 UTC
If the stock market comes crashing down as some predict, what will you do with your alt coins? Swap them for BTC? I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market. That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever... Perhaps just selling everything for USD and buying real gold would be best? What are your thoughts? TIA
My altcoins? It will go to BTC, even if I am a or not an altcoin investor.
I was leaning to stock trading back then, but then I found out that Bitcoin is far more convenient for me to trade without going out of my house anyway.
Not sure what you are saying that stock prices are positively correlated with BTC price though.
That correlation may occur when many investors from the stock market start moving their money into the bitcoin market. then there will be a decline in the stock market. due to the popularity of the crypto market in recent years gaining world markets.
I've never been to the stock market myself, so I can't compare which one is more comfortable.