Bitcoin Forum

The one month graphs of the Dow Jones, Bitcoin, Ethereum and the Crypto market in general, are looking a bit alike. There seems to be a general feeling of a need for further correction. What do you think?

I don't feel that too many conclusions can be drawn when looking at them together. While there are similarities between the recent trends in the crypto market and the stock market, they are all together entirely different things.

My personal opinion is that the crypto market will return to growth sooner rather than later, probably some time in the next month or so.

The stock market is harder to predict, I don't feel as though it will fall too harshly because there's generally a lot of spare money for investments right now, with economies round the world performing well. I think like the crypto market it will soon shake off any negativity and return to an upward trend.

I think both of these markets are just having its downfall movement and they're not actually reluctant to grow. The fact that we are dealing with trading, we cannot ignore the possibilities of downfall movement which may last a long time. No one really know the reason why, probably it's because of the marginal loss that was encountered by last quarter of 2017 or other expenses of the businesses in relation to their previous launch. We never know. it will take an expert to decipher what is really happening and will happen in the future.

These two markets are dealing with quite different aspects with stocks involved in real assets and crypto with digital assets. And i don't think anyone can  connect what's happening in stocks and crypto. We can of course speculate and throw in theories based on our understanding but that's just about it.

Imo you cannot judge it by historical (technical) analysis alone
It depends on many factors since the market would grow in exponential rate IF cryptocurrencies can be used to easily buy real stuff, and have many use case

To date many ICO projects try to make micropayment ready, for example: CRPT, OMG, PAY, etc.
Also many try to create ecosystem based cryptocurrency, for example: AIC, VST, etc.
And many more. .

If that kind of project widely accepted, we can expect huge boost in demand.

The problem with stock is that it is old system thus not many room for new market.
Imo, it will be replaced by ICO in the future.

Well, if that so is the btc already approved by the governments as one of the currencies? Because according to what you stated we can see that Yes! They are almost the same. It's like it has the same chart, well, as what I know if one currency goes down or goes up it is depends on the people who subscribes this it's either the government itself or the whole community, that is my opinion.

Darknet markets, also known as cryptomarkets, are websites located on the Darknet and designed to allow the trafficking of illicit products, mainly drugs. This study aims .... As a cryptomarket grows, the number of bitcoins held in escrow may become huge and constitute a target for hackers or even administrators themselves.

I still think there are concerns of economic slowdown (in china and elsewhere) which are causing investors to consolidate (sell) their holdings to mitigate exposure to risk. The media is downplaying it. There's virtually no coverage. As we saw with the 2008 crisis, there is no early warning system we can rely upon to report accurately on financial risks or prevent economic danger.

Its unconfirmed. Yet the DOW and crypto markets could have devalued due to savvy investors "pulling out" in expectation of a downturn.

I think the DOW average chart could turn into something like a "double dip". I'm not certain what the approved technical chart analysis jargon for it is. But it is present in many sell offs where after the initial decline there is a rebound caused by less experienced traders buying in expecting the price to bounce back. Followed by a 2nd decline.

The circumstances are different, the crash in crypto was something that any person which has been long enough in here knew it was coming and we know it was a simple correction, the issue with the stock market is different it does not look like your average correction it seems like something more is happening and this could be an early sign of a future crisis.

Cryptocurrency markets needs a ton of improvements, upgrades and ideas as blockchain technology adaptation throughout the industries are still in progress and some of them refuse to innovate though they needed that technology to transcend, there's a lot of rooms for the growth and potential so it is not reluctant for the innovation as it is distinctive to the traditional markets that we have today. The graph itself can be a bit alike but there's a huge gap between the both of them.

How about some illegal websites on the deep dark web that accepts fiat as a form of payment?

They look simillar, but on different prespectives, as when the SNP and the Down Jones go down 5%, bitcoin goes down 30-40 %.
All the markets are connected in the end, they are trading against the same fiat currencies and if those currencies are getting stronger, it's pretty obvious that the markets will show some weakness.
I believe that soon after the USD price will stabilize and the interest rate will be fixed, we are going to see some correction in the market and finally some green.

One thing is that we shouldn’t expect market to be up all the time. All these markets has some rich people that invests in it. The poor ones are just trying pick from crumbs.

These rich guys are the ones that makes meetings and decide when they should take a break, and when they decide to take a break, you know what happens? Everything drops until they are ready to start pouring millions and billions into it again to boost the market.

crypto is a speculative market, right now imo, the price is at a nice level--not overpriced unlike last december where the price obviously looks manipulated. People at this moment seem to "speculate" less and as a result, prices are cconsolidating.

There are definately a correlation between these markets. When stock markets are taking a hammering, the Crypto currency investments also take some of these blows. We saw this in January when these stock markets took a nose dive and then the Crypto currencies were also sharing the same pain.

We will see more of this as Bitcoin Futures and ETF's are approved. These traders tend to shift investment capital to lower risk investments and safe heavens, when there are economical instability. <Gold etc.>

The price may look attractive to your eyes, but lot of people might think differently. If risk aversion takes hold and people start selling equities, it won’t make sense for them to hold cryptocurrencies. Cryptos definitely carry higher risk than equities.

The crypto market will grow again, and I think it's a matter of time. Be patient, there must be a more stable change, and the crypto market will not fall forever.

Your comparison are too general and broad just because those market move on the same direction at this time, you have already conclude that they are all reluctant to grow. As of the moment, cryptocurrency show significant recovery from the past performance and will continue for the next two weeks.

The Dow is also showing signs of recovery in the last few days. It's always important to consider these things on a broad scale instead of just looking at a number of days. As of yet I don't think there's too much correlation between the stock market and the crypto market.