In what direction cryptocurrency would take in case of stock market crash ????

in #cryptonews7 years ago (edited)

It's a big question , you would think it will follow gold , But what if it's the other way around and crash as the stock market .

in it for the money dive into this subject especially after the last events in stock market and highlights some of dollar vigilante views on the topic .

he raises a good point which is cryptocurrency until now is dependent on the traditional fiat money and the banking system to get in ....buy and to get out sell ..... cryptocurrency .
So it's kinda related still to what happens to stock and finance unlike gold it's value comes intrinsically

i think There's a need for cryptocurrency to be more mature and more dependable as a currency by More adoption and acceptance by way of payment method before any major reset of the financial system occurs .

Other wise cryptocurrency Will crash taking away people's investment wiped out only to lay the field flat for the bankers to build again a system maybe based on a block chain technology , the only difference is , it's at there serves .

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A good question , mainly gold is a risk-off investment , bitcoin in contrast is a risk-on investment , but I think most people will follow the crypto-trend because it is more attrastive ;)

Yes , but he raises a good point which is cryptocurrency until now is dependent on the traditional fiat money and the banking system to get in and out of cryptocurrency .
So it's kinda related still to what happens to stock and finance unlike gold it's value comes intrinsically

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