"bitcoin goes up when stocks go down"

[TERA]

I've heard this all over the forum, and it just doesn't seem to be true, according to the chart of DJIA vs Bitcoin. In fact, it might be the opposite.

[tobacco123]

I inclined to agree... but I guess the correlation is rather weak. Bitcoin value is also affected by other factors such as the credibility of exchanges, hacks, news related to crime and unknown...

[Cereberus]

I would think it depends on what kind of stock is going down. If it is in the tech sector then I can see it dependant on that but if it due to oil and gas prices going down then I can't see a pattern with that involved.

[ING Bank]

We'd all like to see such a pattern, but in reality there just isn't.

[abs350]

Bitcoin seems just a pump and dump these days in a world of its own.

Not related to any stocks or forex.

[r0ach]

I've heard this all over the forum, and it just doesn't seem to be true, according to the chart of DJIA vs Bitcoin. In fact, it might be the opposite.

I GUESS YOU WUZ WRONG SUCKA

[helloeverybody]

As far as i can work out theres nothing set in stone that actually affects bitcoin other than FUD, stocks from what ive seen dont seem to cause any movement in price. Infact more often than not if the forum thinks something is going to happen witht he price chances are it wont.

[Amph]

it's a common thinking but you will not be really able to prove it at 100%, it could certainly be for some stocks but i doubt it is for every single one of them

the supply and demand for bitcoin is just crazy

[NorrisK]

That would only happen if the people that get out of stocks when they go down actually put their money in bitcoin at the same time (or atleast part of them).

Also, bitcoin volume and marketcap is just a drop in the ocean compared to the stock markets, so the effect would be much more noticable if this was actually happening.

[HarryKPeters]

It was also when there was a possibilty of Grexit.

When the stock market is insecure, meaning bad figures have come are expected to come, there is turbulence, investors look for more solid/profitable investments.

On of those alternatives are bitcoin, but there is also gold and FOREX.

[greBit]

It was also when there was a possibilty of Grexit.

When the stock market is insecure, meaning bad figures have come are expected to come, there is turbulence, investors look for more solid/profitable investments.

On of those alternatives are bitcoin, but there is also gold and FOREX.

Yes it's purely based on the investors and the amount of the transactions depending on which value of Bitcoin. Increases because when stock market goes down more investors will try Bitcoin because gold will not give quick profit will Bitcoin.

[amacar2]

That will be good and easy for everyone to make profit out of bitcoin but it doesn't goes like that. But bitcoin price is depend more on its supply and demand and i think till now it is not depended upon any other commodities in the stock.

[Dilla]

It's hard to draw a correlation between the two since bitcoin is in the discovery phase. Once it has been around for decades, then you can draw correlations.

[DrLove2048]

The chart really needs to be re-calibrated. The range between $100 BTC and $1000 BTC is the same range as 2000 Points on the DJIA.

I also argue the DJIA is a pretty unfair representation of the stock market. It's a hand picked group of 30 stocks that are all blue chips. And guess what, if one under performs it gets booted out for a stronger stock.

[Bitcoinbro]

Most of the time it goes up yes. But it is logic, investors try to figure out the most profit.
If stocks are not option A, They go for option Bitcoin.

[smiletyson]

There're tons of stocks. You might find a stock which *has been corelated* with bitcoin but it's not gonna be precise in the future. This is just a coincidence.

[mirana12345]

It's too hard to tell if there is any relation between the two options, because timeframe of comparison isn't long enough to make a definite conclusion.
It would help if you would specify what exact stocks you are referring to, but either way i think there's no link between the two.

[randy8777]

at this point stocks and bitcoin are two different worlds. don't think when stocks go down that bitcoin goes up. it may have happened a few times. but that's just coincidence. bitcoin is going up and up due to the block halving. and it will continue to go up till far in next year.

[TERA]

I see some poeple here still have their logic about why they think btc goes opposite to stocks. However, based on charts, this doesn't actually happen. At best there is no correlation at all and at worst, they move in sync.

[MaxTax]

Bitcoin is an assets, and assets interact on with each other.
If the dollar is in decline the euro goes up and vice versa.

When stocks are going down, currency's are going up.
It's the way investors, invest and make money.