The effect of a stock market correction/crash on cryptos?

Hello,

there's a long running bull on the stock market and a correction is due to happen.

I wonder, how do you think will this affect major crypto currencies, like Bitcoin and Ethereum? Will more money pour in or will a mass panic prevail?

I'm interested to hear your thoughts.

Thanks!

P.S.: I'm long on Ethereum (ETH) for min. 5 years (I was buying just below $50) and on Stellar (EXM, bought it a few days ago).

Bump. What do you guys think?

I was reading somewhere that the bitcoin market capitalisation is more than the total of amount lying in the global coffee market..

Just a few general thoughts:

1. Check the correlation between BTC/Etherium and stock indices. I'm not expecting them to be correlated but if they are it will tell you something.
2. I don't view crypto and stocks to be closely coupled, although recently there have been price spikes on expectation of ETF trading of BTC.
3. The effect on crypto would depend on what triggers a stock market correction. Relentless tightening by the FED? North Korea? Trump? The impact on crypto would be from the causal event, not from the stock market reaction.
4. As I see it, the big spikes in crypto resulted from citizens using it to circumvent currency controls in China and in Greece several years back. I'd expect future spikes to coincide with additional currency controls and geopolitical events.
5. Major downward risks for crypto might be from government crackdowns, such as Mt. Gox.

last quote I saw was around $80 billion, which is still rather small....