Torque
Legendary
 Offline
Activity: 3248
Merit: 4534
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I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.
Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014. So did the Bitcoin market. Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018. So did the Bitcoin market. If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb. I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along. |
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BTCMILLIONAIRE
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October 19, 2018, 05:10:48 PM |
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I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.
Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014. So did the Bitcoin market. Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018. So did the Bitcoin market. If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb. I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along. The difference is the increasing volume in the Bitcoin market. Perhaps not this round, but in one of the next two rounds I could see actual hedging of stocks through crypto. Most people today still didn't get what Bitcoin is about and still think of it as a ponzi/bubble. Furthermore, stocks were stable leading into summer and started climbing around mid to late summer. So anyone who sold some Bitcoins near the top would've made some decent profits in the stock markets. Hence, the lack of a perfect correlation creates opportunity. We still don't know if Bitcoin or the stock market will enter the next rally first either. Any delay of one asset class would create further potential for profits. |
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Yaplatu
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October 19, 2018, 05:14:46 PM |
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Wekkel
Legendary
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Activity: 3080
Merit: 1529
yes
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October 19, 2018, 05:38:09 PM |
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If you can't see that direct correlation, then I can't help you man.
Be careful when challenging a person’s belief system  |
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BinaryReign
Full Member
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Activity: 150
Merit: 110
BTC HODLer
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October 19, 2018, 05:59:22 PM |
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@ mic - Maybe this?  on a complete RED hat would be very VERY VERY tight ...... but maybe in avatar size its not gonna be very clear..... small letters.     maybe something like these  Any would be cool! Looks like I’m going to have to join the hat club  I’m in, but I can’t wear muh hat yet. I guess I’ll be more active to earn that full member status and show it off. Thanks to xhomerx10  |
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Torque
Legendary
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Activity: 3248
Merit: 4534
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October 19, 2018, 06:06:13 PM |
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If you can't see that direct correlation, then I can't help you man.
Be careful when challenging a person’s belief system I could envision a day in the future where in Bitcoin we have could true inverse correlation. But I don't think we're there yet. We may never have a true 100% inverse. In fact I don't believe things like the PMs markets are a true hedge against the stock market anymore. They've been pumped with so much leverage and derivative now that most often they move in sync with the stock market these days. I'm sure that's by design - centralized control. It's all about technicals and "narratives" anymore, rather than fundamentals. |
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El duderino_
Legendary
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Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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October 19, 2018, 06:11:51 PM |
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I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.
If you can't see that direct correlation, then I can't help you man. "If you don't believe me or don't get it, I don't have time to try to convince you, sorry“ So there is a correlation |
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LFC_Bitcoin
Legendary
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Activity: 3192
Merit: 8253
#1 VIP Crypto Casino
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October 19, 2018, 06:16:55 PM |
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Really interesting posting there Torque, very interesting to read. Thanks man |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 19, 2018, 06:42:51 PM |
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I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.
Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014. So did the Bitcoin market. Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018. So did the Bitcoin market. If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb. I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along. you made me look at the charts for gringo stock market and you seem to be quite wrong |
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bitcoinPsycho
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Activity: 2142
Merit: 1555
$120000 by end of 2023 confirmed . Slava Ukraini
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October 19, 2018, 07:42:25 PM |
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 more of this please |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 19, 2018, 08:19:28 PM |
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More grind down the line  |
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vapourminer
Legendary
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Activity: 3990
Merit: 2874
what is this "brake pedal" you speak of?
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October 19, 2018, 08:21:36 PM |
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still in progress ? vapurminer [...]
yup im still in. should be home and have access to my network next week soon as i get business taken care of here. then ill have the original image. is there any particular size or color depth you want? when traveling i use a stripped to the bone 4 year old laptop with nothing valuable on it in case its lost or stolen. |
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vapourminer
Legendary
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Activity: 3990
Merit: 2874
what is this "brake pedal" you speak of?
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October 19, 2018, 08:51:42 PM |
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ah so you are the man to talk to for custom hat avatars.
may i order one? i wont be able to upload a good pic for a week or so, i am in the middle of funeral and estate business at the moment.
these are VERY cool.
I'm very sorry to hear about your loss. Take your time; I'll be here when you sort things out. thanks. my family is spread over several states and coordinating things has been interesting. but looking around today things are in pretty good shape to conclude the final stuff soon. just a small punch list and good to go. |
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El duderino_
Legendary
Offline
Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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October 19, 2018, 08:59:28 PM |
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still in progress ? vapurminer [...]
yup im still in. should be home and have access to my network next week soon as i get business taken care of here. then ill have the original image. is there any particular size or color depth you want? when traveling i use a stripped to the bone 4 year old laptop with nothing valuable on it in case its lost or stolen. its xhomerx taking care of the hats .... just think a bigger size PIC. you know where to find the PIC/gif/avatar/meme/..... wizard, when his home and free of wage slavery CONNECTED to his beer, thats when the magic happens. |
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El duderino_
Legendary
Offline
Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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October 19, 2018, 09:11:49 PM |
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pffff just home..... visit the "for me best japanase resto" in antwerp and again, i am overwhelmed !!! as bob says and open BEERS continously when where sideways and on BORINGroad of BTC.... yeah i can't resist a good dinner with drinking as well @ those times, so beeing drunk on a friday is happening and my girl wanna watch some series (she didn't drink) pffff staying awakes gonna be hard. a WEEKEND pump could fix that problem, but meeeh looks quiet on the price moves. BTW, drunk this badboy any guesses of you ALCOHOL experts ?? don't be mislead by the kind of glass, cause i was  rest same old same good foods to not be thinking of the boringness............... (japanese good f***ing shit) gonna spare the pics cause can't be trolling all the time sorry but the ALCOHOL making me enthusiastic, diffucult for not posting F***ing food post. |
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Rosewater Foundation
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October 19, 2018, 09:18:14 PM |
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Fwiw I agree with Torque. I usually do. This bear still has 6-8 months of hibernation left in it, at least.
(PM me for fancy analysis of technical indicators and a series of marco-graphs.)
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El duderino_
Legendary
Offline
Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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October 19, 2018, 09:20:01 PM |
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Bear ....? 6-8 months ??
NOOOOOooooooooo!!!!
What m i gonna do...?
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El duderino_
Legendary
Offline
Activity: 2170
Merit: 10331
BTC + Crossfit, living life.
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October 19, 2018, 09:27:17 PM |
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Fwiw I agree with Torque. I usually do. This bear still has 6-8 months of hibernation left in it, at least.
(PM me for fancy analysis of technical indicators and a series of marco-graphs.)
?? Am i totaly fucked? If the price would be ... let me say 13k-ish , Then i still feel like its fucked up and bearish... so cards ain’t looking good for me ? (Only thing to do is keep playing and trying to increase amount of stash Then grrrr ) |
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