"bitcoin goes up when stocks go down"

[Newcoins2020]

I think that it would be more : "the worst the situation is, the higher the Bitcoin price will be". If this is true, they're great times ahead my friends !

I think it is of course logical that when there is little of it is that it is more valuable.

And if there is a lot of it is that it will be worth less.

[romero121]

The bitcoin price is being calculated with accordance to the value of dollar. So value of bitcoin increase even if dollar price increases. This indicates the direct relation between stock market and bitcoin price. The bitcoin too goes down when stocks go down

[lumeire]

The bitcoin price is being calculated with accordance to the value of dollar. So value of bitcoin increase even if dollar price increases. This indicates the direct relation between stock market and bitcoin price. The bitcoin too goes down when stocks go down

Well your logic is thinking about the two entities literally. BTCBTCBTC price doesn't work that way and I do not believe there's a direct relationship at all. Indirectly, though, it might be possible.

[Sibtalf]

The bitcoin price is being calculated with accordance to the value of dollar. So value of bitcoin increase even if dollar price increases. This indicates the direct relation between stock market and bitcoin price. The bitcoin too goes down when stocks go down

If the bitcoin is not affected by other factors, the bitcoin price in dollars will drop when the dollar value rises.

[avw1982]

The bitcoin price is being calculated with accordance to the value of dollar. So value of bitcoin increase even if dollar price increases. This indicates the direct relation between stock market and bitcoin price. The bitcoin too goes down when stocks go down

Well your logic is thinking about the two entities literally. BTCBTCBTC price doesn't work that way and I do not believe there's a direct relationship at all. Indirectly, though, it might be possible.

When the price starts going up, people start coming out of the woodwor. We are setting new records almost on a daily basis for amount traded and number of transactions.
It should be noted that bitcoin is a relatively illiquid market, so its exchange rate against major world currencies has been historically volatile

[BellaBitBit]

There is too much volatility in Bitcoin to properly measure whether there is a correlation or not.  If Bitcoin were to stabilize we could have a better picture.

[Sibtalf]

There is too much volatility in Bitcoin to properly measure whether there is a correlation or not.  If Bitcoin were to stabilize we could have a better picture.

Yes. I think the bitcoin has too much volatility. If the bitcoin price just rises 1% a week, that will make it very valuable.

[RodeoX]

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.

IMAGE

This is an interesting thing. I fully expected bitcoin to develop and grow in a counter market fashion. Kinda the way gold prices behave. When the market is a mess investors flee to gold. But that is not what I see at all. In fact bitcoin often tracks world markets.

I have no idea why that would be?  

[bargainbin]

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.

IMAGE

This is an interesting thing. I fully expected bitcoin to develop and grow in a counter market fashion. Kinda the way gold prices behave. When the market is a mess investors flee to gold. But that is not what I see at all. In fact bitcoin often tracks world markets.

I have no idea why that would be?  

Would you also expect investors to flood into Random_Shitcoin when markets tank? If not, why?

[RodeoX]

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.

IMAGE

This is an interesting thing. I fully expected bitcoin to develop and grow in a counter market fashion. Kinda the way gold prices behave. When the market is a mess investors flee to gold. But that is not what I see at all. In fact bitcoin often tracks world markets.

I have no idea why that would be?  

Would you also expect investors to flood into Random_Shitcoin when markets tank? If not, why?

They do seem to do that with alt-coins? It's not what I do though.
Most of the money I have made in various markets has been made betting against markets. I divested before the last two tech crashes and the 2008 crash. However it hasn't always worked, I take a bath once and a while.

[bargainbin]

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.

IMAGE

This is an interesting thing. I fully expected bitcoin to develop and grow in a counter market fashion. Kinda the way gold prices behave. When the market is a mess investors flee to gold. But that is not what I see at all. In fact bitcoin often tracks world markets.

I have no idea why that would be?  

Would you also expect investors to flood into Random_Shitcoin when markets tank? If not, why?

They do seem to do that with alt-coins? It's not what I do though.
Most of the money I have made in various markets has been made betting against markets. I divested before the last two tech crashes and the 2008 crash. However it hasn't always worked, I take a bath once and a while.

I guess I was trying to say that people see gold as a safe haven, something relatively stable (rightly or wrongly). They feel that even if they do lose money with gold, it won't be all of it & it won't be overnight. Because gold is a big thing, with many private/governments investors, one of those "too big to fail" things.
Bitcoin, otoh, is seen as a high risk/high reward investment, like a tech/bio startup.

[SimplisticStu]

There is too much volatility in Bitcoin to properly measure whether there is a correlation or not.  If Bitcoin were to stabilize we could have a better picture.

Yes. I think the bitcoin has too much volatility. If the bitcoin price just rises 1% a week, that will make it very valuable.

IMO I think the price will stabilize (to a certain degree) after the halving occurs, I think the run up to this will show increased volatility but after the halving I believe it will settle and then maybe more accurate comparisons can be made to real world markets.

[Sibtalf]

There is too much volatility in Bitcoin to properly measure whether there is a correlation or not.  If Bitcoin were to stabilize we could have a better picture.

Yes. I think the bitcoin has too much volatility. If the bitcoin price just rises 1% a week, that will make it very valuable.

IMO I think the price will stabilize (to a certain degree) after the halving occurs, I think the run up to this will show increased volatility but after the halving I believe it will settle and then maybe more accurate comparisons can be made to real world markets.

The price peak in 2013 was about 11 months after the halving. The price rose a lot at the time.

[jonathgb25]

It maybe because of the demand of both sides. Some of the stockholders might transferred their stock funds into bitcoin.

[Sibtalf]

It maybe because of the demand of both sides. Some of the stockholders might transferred their stock funds into bitcoin.

If they transfer 0.01% of their funds into bitcoin, the bitcoin price will fly very high. The price maybe $100,000.