Bitcoin Forum
June 22, 2017, 06:26:15 PM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Coincident or Prescient?  (Read 1050 times)
miscreanity
Legendary
*
Offline Offline

Activity: 1232


View Profile
August 04, 2011, 05:38:08 PM
 #1

A major waterfall drop in BTC exchange rates yesterday followed by a massive decline in global equity markets today. Is Bitcoin already acting as a more effective and efficient financial structure than established markets? Does its decentralized nature allow for more accurate price discovery? I haven't seen anything here discussing this reverse association.

I've suggested that the Bitcoin price correlates well with equities, though that observation isn't backed by hard empirical data yet. It's also been noted that Google Trends has an interesting relationship to the rate of Bitcoin adoption and valuation.

How closely tied to other markets is the Bitcoin system? Thoughts, ideas, inferences?
1498155975
Hero Member
*
Offline Offline

Posts: 1498155975

View Profile Personal Message (Offline)

Ignore
1498155975
Reply with quote  #2

1498155975
Report to moderator
1498155975
Hero Member
*
Offline Offline

Posts: 1498155975

View Profile Personal Message (Offline)

Ignore
1498155975
Reply with quote  #2

1498155975
Report to moderator
Join the Crowdfunding Revolution ►► FundYourselfNow.com ◄◄ Crowdsale with
attractive rewards
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1498155975
Hero Member
*
Offline Offline

Posts: 1498155975

View Profile Personal Message (Offline)

Ignore
1498155975
Reply with quote  #2

1498155975
Report to moderator
miscreanity
Legendary
*
Offline Offline

Activity: 1232


View Profile
August 09, 2011, 12:06:25 PM
 #2

Today, the USD/BTC rate broke above $10 on Mt. Gox.

I reiterate the apparent correlation with equity markets. Markets futures made an amazing recovery over the past several hours...

What else is Bitcoin tied to, and how strongly? Where? At the exchanges, the individual traders or elsewhere?
mizike29
Full Member
***
Offline Offline

Activity: 168


View Profile
August 09, 2011, 08:37:20 PM
 #3

Yeah I am seeing a strong trend of bitcoin reacting to the stock market.  Is this by accident or is there some basis on this discovery?  Not sure but sure seems to be falling and recovering with the stock market.

BTC_Junkie
Member
**
Offline Offline

Activity: 97


View Profile
August 10, 2011, 12:45:58 AM
 #4

When the market crashes ppl pull their money out of BTC to raise cash.... when the market raises again they feel more comfortable investing.

12jAZVfnCjKmPUXTszwmoji9S4NmY26Qvu
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736

Let's talk governance, lipstick, and pigs.


View Profile
August 12, 2011, 06:25:54 PM
 #5

It's great that it keeps dropping low enough to buy at a bargain every once-and-again. These days won't last.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!