Would like to ask is Crypto market correlated to Stock market ?
I'm not a trader rather a HODLER. Crypto market is not correlated to Stock market, it depends on the bitcoin movement.
Bitcoin Pump = Altcoin Dump
Bitcoin Dump = Altcoin Dump
Bitcoin Sideways = Altcoin Pump
And can we apply Stock investment strategy & technique in Crypto market
If your investment strategy is based on fundamental analysis, there is difference. If it's based technical analysis, there is not much difference. If its based on both, you would have to understand the fundamental part better.
Tip: If you are looking for long-term investment in
BTC, results will be profits
for short-term market fluctuates.
For the bitcoin movement :
Bitcoin Pump = Altcoin Dump
Bitcoin Dump = Altcoin Dump
Bitcoin Sideways = Altcoin Pump
I understand that if bitcoin pump = altcoin dump because most of the investor will pump in money to the bitcoin and affect altcoin. But why bitcoin dump will affect altcoin dump also ya ?