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57813986 No.57813986 [Reply] [Original]

In the somewhat likely scenario where the S&P corrects ~15% down, does that send people into crypto as a safe haven or do we drop too?

>> No.57813994

Yes.

>> No.57813995

>>57813986
Everything will drop. Crypto will recover quicker.

>> No.57813999

>>57813986
We drop. People are going to try and front-run the drop and so cause the drop. Don't forget ETFs can sell bitcoin too.

>> No.57814002 [DELETED] 

>>57813994
Thx, just bought more

>> No.57814079

>>57813995
>>57813999
Noted, thanks

I'm not expecting said drop to take place all at once (say, over a 1-2 month drawdown period with some green days and very red days mixed in), but we're at or nearing massive ATHs as we speak. Something HAS to give.

My strategy since the end of the last bull run started around the time I graduated (for reference I graduated and started working in 2021, took profits from last bull run in mid-late 2021 into early 2022, and stayed completely out of the market until early 2023)
>am in tech sales
>only contributed my employer match to my retirement
>lived off somewhat meager base salary
>DCA'd every penny I've made in commission into crypto

>75% btc
>10% eth
>10% major alts
>5% memecoin moonshots

All told I have about 150k ready to go. This is my time to genuinely make it

>> No.57814312

>>57814079
>Some HAS to give even THOUGH the market is almost always at or near all time highs.

>> No.57814459

>>57813999
>Don't forget ETFs can sell bitcoin too.
It's kinda weird how people seem to forget that. When all those boomers sell their ETF because the number in their brokerage app goes down and they expect the bear market around the corner, all the institutions will sell billions worth of BTC again to pay them off. Some people seem to think the institutional demand will just persist on the current level or even keep rising.