Odd that bitcoins and stock prices seemed synched.

[Minsc]

I've heard it said before for years, but it seems when stocks go up bitcoins do and when stocks go down bitcoins do.

Stocks were rising with bitcoin prices.  When they rose bitcoins did and when they fell bitcoins did. http://presstv.com/usdetail/298479.html  That article is about how stocks are crashing bad.

I personally hate how bitcoin prices jump around like crazy.  It makes it really not useful as a currency.

I remember people kept saying there's a manipulator of bitcoin prices, and well they're synched to stock prices, which are manipulated by powerful bankers, such as the Rothschild family.

Hmm gold fell too http://dealbook.nytimes.com/2013/04/15/golds-plunge-shakes-confidence-in-a-haven/ but that's not always synched to bitcoins, whereas the stock market tends to be.

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[Chet]

Panic is panic.
It spreads.
Also people that are 'investors' start needing funds to cover shorts and all sorts of silly stuff  like that. Not surprising there is some linkage. People might also be wanting cash now to buy gold while its 'cheap'.

[FenixRD]

Sometimes there is genuine linkage, which is tied to "global liquidity." With most things tied strongly to actions of the USD, it moves things. Most of us don't think about it because we still go buy bread and milk and gas, but prices change... gas prices, daily. You will find connections with the cyclic prices of gas, major stocks (well, indices and the "really big" stocks), gold, etc. Anything that has a value. If there are, in a time period, more dollars flowing than sitting, the dollar is worth less for that time period. Assuming a given stock hasn't *actually* changed intrinsic value (performing identically, no PR troubles, no announcements, etc), its price will be higher when expressed in USD.

This is actually how the BIG markets are manipulated. If you control that much USD, you can afford to lend it out en masse thereby increasing the money supply temporarily which devalues it. This results in buyup of stocks and real estate and other investments. Some of which can be declared empirically to have an unchanged value -- gold bubbles, at any moment, if not coinciding with a catastrophic and miraculous event resulting in the loss of actual gold atoms from this planet, for example -- but the price expressed as fiat is rising anyway. People buy in, and at some point, the big market movers cash out. Basically reversing the process, the bubble pops, and repeat ad nauseam.

Bitcoin is unique in that, it can possess all the typical movements, but there will always be an underlying upward trend. Gold could be this way (with other issues) but no one knows how much exists as mined, which makes it highly subject to its own manipulation.