I think it is not a coincidence that in the same days the stock market was red, the crypto market got red as well.
There is a link IMO , so
there is not reason to think crypto is worthless, or that it is less worth than stocks.I mean, it is not true that crypto crashed alone, while the rest of the world was happy.
When the crypto crashed, usually other markets crashed as well, like in the last downtrend.
Also, remember that the long-term profit that crypto gave us would not be possible with stocks.
Now what should we do?
I think that as the stock market begins recovering, crypto will follow.
But it may be a slow process, i.e. we lost 15% in 2 days, but now it can take weeks or even months to go back to the previous situation or even better.
This is because stocks are not going to recover fast:
https://www.marketwatch.com/story/cnbcs-jim-cramer-says-stock-market-is-in-a-very-serious-correction-and-theres-nowhere-to-hide-2018-11-12If we follow historic data than yes
Price of bitcoin was fallowing Nasdaq in recent years
It is possible because bitcoin is kind of emerging asset what are not performing well during bessa time
It looks like there is not any serious investors on market but current sell off can be down before bitcoin really
Lets see what will happen next