You may want to avoid buying any crypto tomorrow (or the next few days)
We are expecting another down 500 day for the dow tomorrow. This will carry over into the coin space as people walk away from risk.
Contrary to what you may have heard, crypto is not a safe haven from the market, it is a risk on position. So when the do drops, so will crypto
Nice try.
Your choice. But don't say you weren't warned.
Ok kek
Asian markets opened at 8pm New York time. Watch the chart starting then and make up your own mind.
Futures are already dumped why wouldn’t crypto be following suit? Your argument makes zero sense based on factual information.
THEY are planning a fake out on crypto trying to set it up so that it looks like crypto follows stock market
Intredasting
Buy the dip tomorrow with TQQQ, ride the bitch for an easy 3x.
Your post makes no sense, retard.
Crypto is a risk trade. It's what people buy when their other investments are doing well and they feel like gambling a little.
The legitimate stock market has already had a series of shitty days; then a few days to cool off. So when things go into the toilet tomorrow, people are going to start to think that the problem is serious and not just another few down days.
When this happens, no one is going to want to put more money into crypto, which has been doing even worse than the market has recently.
Yes, you'll still have a few small believers who would buy tomorrow (who would buy any day nor matter what), but the large money isn't going to go anywhere near it until they think their regular money is safe.
I don't see this as working. Crypto is in an unregulated market, also lacking professional market makers; so it is, by definition, a riskier asset class. If anything, it is a direct (instead of inverse) relationship because in order for people to have a willingness to put their money in the very risky crypto market, they have to feel they have money to blow in the first place.
WHOOOOOOOOOOSH
that's exactly what the post was saying, except that starting tomorrow, it will be shown as inversely correlated; which is why i posted a link to it in this thread with the word "Intredasting". learn to reading comprehension, brainlet.
Always do the opposite of what Jow Forums says
You forgot a picture of a whale and put "Whale here" in the beginning of your post.
See
FROM MY COLD DEAD HANDS
finally a word of sanity on this chinese carpet weaver board.
that's biz for you, just keep ignoring macroeconomic conditions. Worked out fucking well in 2018, didn't it? But yeah from tomorrow we will see a perfect inverse relationship between the equity market and crypto, just like that motherfucker, for no obvious reason other than the increasing fart density in your brain.
anyone who thinks people are going to store their wealth in cryptocurrency, namely bitcoin, during an economic downturn is fucking stupid. that is a meme. if other markets go down, so does crypto.
That image is definitely photoshopped.
no historical precedence of any correlation of crypto with anything else at the moment
Crypto always dumps on Monday, but somehow people never learn.