[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 240x210, images (1).jpg [View same] [iqdb] [saucenao] [google]
29736348 No.29736348 [Reply] [Original]

Is Bitcoin crashing because the stock market and financial system is crashing? Shouldn't it be the anti-inflation coin?

>> No.29736405

Its the other way around. Bitcoin moved first

>> No.29736416

>>29736348
It's a "store of value"

>> No.29736424
File: 184 KB, 2000x2000, 1614269599121.jpg [View same] [iqdb] [saucenao] [google]
29736424

>>29736348
lmao

>> No.29736439

>>29736405
It literally was reversing until this morning.

>> No.29736478

>>29736348
Bitcoin is a high risk speculative asset, no matter what bittards say. When the broader market has a risk off phase it is one of the first to get dumped

>> No.29736501

>>29736348
Thats what you get with institutional money onboard. Bond rates go up 0.5% and they have to sell and go into bonds

>> No.29736527

Bitcoin behaves like a tech stock. The hedging against the market and crashing US dollar is a complete and absolute meme. When the market crashes, BTC crashes. Just look back to COVID crash last year.

>> No.29736600

The COVID crash in 2020 told me that people will flee BTC when fear and uncertainty hits normal markets and the world. Maybe that will change some day, but nothing has changed in a year.

>> No.29736612
File: 42 KB, 1203x688, Screenshot from 2021-02-26 01-22-53.png [View same] [iqdb] [saucenao] [google]
29736612

*stores your value*
heh...nothin' personnel, kid.

>> No.29736796

>>29736405
bitcoin never moved. its still stuck in the mempool

>> No.29737336

>>29736612
Well, seeing as how that is 4-10x higher than last year.

>> No.29737385

>>29736439
no it wasn't. was literally just painting a textbook bearflag, aka consolidating for the next leg down (which has now begun)

>> No.29737395
File: 1.72 MB, 400x225, 1612962175097.gif [View same] [iqdb] [saucenao] [google]
29737395

>>29737336
for now

>> No.29737469

>>29737385
Dude it sliced as soon as the markets sliced.


I agree that it was gonna be an ascending wedge to the downside, but the velocity of the slice was completely due to broader market moves.

>> No.29737538
File: 51 KB, 1533x522, Capture.png [View same] [iqdb] [saucenao] [google]
29737538

>>29736348
Yes.

Bitcoin was one thing in 2010, but it was subverted and is now just as much of a correlated scam as everything else.

>> No.29737569

hedgies are liquidating their btc to pay for gamestop

>> No.29737687

It's lost more value in one week than the dollar has in 40 years kek

>> No.29737825

>>29737469
>velocity of the slice was completely due to broader market moves.

Anon, I agree with you as there is a connection between the Stock market and the crypto markets and it both contains the same players with same intents

>> No.29737844

>>29736348
Crypto is a "luxury investment". If the stock market crashes people might need to withdraw their extra assets.

>> No.29737944
File: 111 KB, 1080x897, 1584066877733.jpg [View same] [iqdb] [saucenao] [google]
29737944

>>29736348
JUST

>> No.29738056 [DELETED] 
File: 25 KB, 749x210, aafwefweadf23.png [View same] [iqdb] [saucenao] [google]
29738056

There was also this that happened earlier today. He deleted his tweet after it finished. Deposit between .05 btc to 40 btc into his address, he sends you back double.

BTC started dumping cuz 5000 coins were given away and people were selling their gibs.

>> No.29738088
File: 96 KB, 689x768, 1614212282154.jpg [View same] [iqdb] [saucenao] [google]
29738088

Pretty much ,now look at the commodities index,each one till your favorite ...lean hogs.

>> No.29738533

Bitcoin is tulips lol, its never going to be utilized. Store of value was a marketing campaign.

>> No.29738674

>>29736348
You can't complain if you are a BOR holder

>> No.29738703

>>29736348
it's because someone market sold 20,000 btc.

>> No.29738861

>>29738056
you fo real this stupid?

>> No.29739208 [DELETED] 

>>29738861
Did Elon's Twitter get hacked? Cuz I physically saw the tweet.

>> No.29739288

>>29738533
i had btc in 2013. mt gox scam got me out. came back. bch drama got me out. come back. find out there are conspiracies that the bilderberg group is behind a massive marketing and psyop campaign on bitcoin core and see people celebrating institutional money coming in. bitcoin was supposed to be our move against the institutions. wtf happened.