NASDAQ vs BTC

[johnyj]

The difference is that there is no central bank who can pump in lots of cash when price crashed

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[Tranz]

So assuming the correlation between BTC and NASDAQ does exists, with only the time frames being different, then QQQ should see a setback of 30% in the next couple years, then a blast off! starting in 2020. See ya then.......

[Tranz]

Hmmm  Getting closer.. ?? :-)

[jaysabi]

Hmmm  Getting closer.. ?? :-)

I see you resurrected this thread.  These old threads are sometimes fun to look back over. The 30% equities correction never materialized; the stock market has been on a pretty consistent tear since the OP. Longest bull run in history at this point. I'm not convinced of any correlation between btc and equity markets anyway, except that in the next market correction, I expect both crypto and equities to suffer a big pullback, and I expect btc to take bigger losses.  I do want to point out how funny it seems now that the graph in the OP was concerned about a collapse from the $200s as a bubble, when bitcoin routinely trades up or down $200 in a matter of hours now. Sitting above $7000, the concern of the drop from $250 to $150 seems adorable! 

Btw, I'm totally concerned btc is currently a bubble, especially because nobody seems to see the constant price rise as a problem. That parallels the .com crash and the housing crash.

[Tranz]

Nope, no 30% correction, maybe a 10% at the best, but it is def taking off!

I am looking at each of the times BTC "bubbled"


#1 From a base of .80 to a high of $35, back a new base of $5-10  (2011)

#2 From a base of $15 to a high of $200, back to a new base of $100-110 (2012 13)

#3 From a base of $100 to a high of $1150, back to a new base of 500-600 (2013-14)

#4 From a base of $800 to a high of 8000?( I actually guess 10k), back to a new base of  4k? (2016-17)

#5 From a base of 5k to a high of 50K back to new base of 30k? (2019 -21?)??

[Don Pedro Dinero]

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

Hmmm  Getting closer.. ?? :-)

I think it is better to tell the whole story:



Nasdaq bubble popped because people were investing a too much too early, they were anticipating future returns but nowadays Nasdaq has surpassed by far the ath when the bubble popped.

Something similar may happen in the crypto world, many alts will disappear, as it happened with some tech companies, but crypto world has definitely a future, the same way tech companies had a future when the bubble popped.