Bitcoin Forum
September 23, 2019, 08:13:19 AM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Do people still think bitcoin is following stock market?  (Read 295 times)
pooya87
Legendary
*
Offline Offline

Activity: 1764
Merit: 1886


Remember tonight for it's the beginning of forever


View Profile
May 16, 2019, 04:17:41 AM
 #1

last year (mostly near the end of the year) a common saying started to show up when people kept saying bitcoin is falling because the stock market is falling (an example) and although that was probably the first time bitcoin's drop coincided with stock market crash, this particular speculation became popular for some reason!

now the stock market is crashing due to trade war between the United States and China and meanwhile bitcoin has been rising consistently setting a new high each time it rises.

this topic is meant as a reminder that bitcoin market is a completely independent market taking effects from lots of things most of which are specific to bitcoin and usually concern adoption of it.

1569226399
Hero Member
*
Offline Offline

Posts: 1569226399

View Profile Personal Message (Offline)

Ignore
1569226399
Reply with quote  #2

1569226399
Report to moderator
1569226399
Hero Member
*
Offline Offline

Posts: 1569226399

View Profile Personal Message (Offline)

Ignore
1569226399
Reply with quote  #2

1569226399
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569226399
Hero Member
*
Offline Offline

Posts: 1569226399

View Profile Personal Message (Offline)

Ignore
1569226399
Reply with quote  #2

1569226399
Report to moderator
sheenshane
Sr. Member
****
Offline Offline

Activity: 728
Merit: 456


🔰www.mintdice.com🔰


View Profile WWW
May 16, 2019, 10:52:33 AM
 #2

Generally, for me, people already awake with the fact that bitcoin and stockmarket runs a different system and algorithm. That they are a to conflict things. It is really simple for the two to compare. The bitcoin's value is based in the mined bitcoin and the numbers of new comers. And the stock market's values in the market are based on each and every company listed in the said stock market.

I can tell that the people know this difference in general as I am very confident that almost all of the people in the cryptocurrency industry has a great mind to know about this.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
cryptjh
Full Member
***
Offline Offline

Activity: 476
Merit: 181



View Profile
May 16, 2019, 11:06:21 AM
 #3

This tweet from @krugermacro shows how little correlations there is between stock and bitcoins.

Stocks crashing. Bitcoin soaring. There goes another narrative.

davis196
Hero Member
*****
Offline Offline

Activity: 1302
Merit: 547



View Profile
May 19, 2019, 04:45:14 PM
 #4

last year (mostly near the end of the year) a common saying started to show up when people kept saying bitcoin is falling because the stock market is falling (an example) and although that was probably the first time bitcoin's drop coincided with stock market crash, this particular speculation became popular for some reason!

now the stock market is crashing due to trade war between the United States and China and meanwhile bitcoin has been rising consistently setting a new high each time it rises.

this topic is meant as a reminder that bitcoin market is a completely independent market taking effects from lots of things most of which are specific to bitcoin and usually concern adoption of it.

Last year's similarity between the crypto and stock market price patterns was just a coincidence.
Many people believed that the stock and crypto markets were somehow connected,because they wanted to find a valid reason explaining why the bitcoin price crashed.
Now we all know that the reason behind crypto price crash wasn't the stock market crash.


           ▄▄██████▄▄                  ▄▄▄█████▄▄▄
        ▄██████████████▄           ▄▄███████████████▄
      ▄██████████████████▄       ▄████████████████████▄
     █████████▀▀▀▀█████████▄   ▄██████████▀▀▀▀██████████
   ███████▀        ▀█████▀ ▄███████████▀       ▀████████
  ▄█▄█████▀           ▀█▀ ▄███████████▀          ▀███████▌
▄█████▄███              ▄███████████▀             ███████▌
  ▀█▀█████▄           ▄███████████▀ ▄▄           ▄███████▌
   ███████▄        ▄███████████▀ ▄████▄        ▄████████
     █████████▄▄▄▄███████████▀  ▄█████████▄▄▄▄██████████
      ▀████████████████████▀     ▀████████████████████▀
       ▀███████████████▀▀         ▀████████████████▀
          ▀▀▀██████▀▀                ▀▀███████▀▀▀
.CryptoMania.            ▄▄ ▄▄▄▄▄▄
           ▐██████████▄▄██▌
▄▄▄ ▄▄▄▄▄ ▄████████████████▄▄
████████████  ▄█████████████▄▄
▐███████████▌  █████████▀█████████
 ██▀▀ ██████ ▄████████▌▀▀ ▄███████▌
     ██████▐█████████  ▄███████▀▀
    ▐█████████████████▄███████
    ████████████████████████
    ▐████████████████████████
   ▄███▄▐███  ▄█████▄███████▄███▄
  ▐██ ██▐███ ▐███ ███▌ ███ ▐██ ██
   ▀███▄▐███ ▐███ ███▌ ███  ▀███▄
   ██▄█▀▐█████▀█████▀  ███  ██▄█▀

.The Real Slots.........
.Experience on-chain.

.
  $




.
  $
micgoossens
Legendary
*
Offline Offline

Activity: 812
Merit: 2583


Epic meet up 2019


View Profile
May 19, 2019, 05:01:02 PM
 #5

Nothing can control BTC, nothing will be able to compete with BTC

And @some time everybody is gonna will to own some BTC.....


XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
hatshepsut93
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 869


Bitcoin realist


View Profile
May 19, 2019, 05:14:17 PM
Merited by pooya87 (1)
 #6

People are just super desperate to find an explanation for every single Bitcoin price change, they just can't get over the fact that Bitcoin is volatile, and "Bitcoin follows stocks" is not the worst theory I've heard, people here seriously believe that Bitcoin crashes are caused by governments and banks trying to kill it while they can. Maybe the last years simultaneous drop was merely a coincidence, or maybe there was indeed some connection, but generally there's no clear and proven connection between Bitcoin and stock market, so of course people shouldn't believe in it just because someone suggested it.

dothebeats
Legendary
*
Offline Offline

Activity: 1946
Merit: 1132


Thank you, Kary Mullis


View Profile
May 19, 2019, 05:17:35 PM
 #7

There are a lot of times in which stock market movements coincided with bitcoin's, though that isn't sufficient to use as evidence since on most significant events of contemporary times, say trade wars between China - US and Iran - US, bitcoin continuously rose while some stocks fell down and the Dow painted red everywhere. I would believe that the two are related if on major events, bitcoin and stock market movements are extremely similar, but so far that has been defied and we are yet to see bitcoin ultimately following the shadow of the stock markets.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
CryptoBry
Sr. Member
****
Offline Offline

Activity: 868
Merit: 311


https://ez365.io Digital Asset Ecosystem


View Profile
May 19, 2019, 07:38:04 PM
 #8



People who are already veterans with bitcoin and cryptocurrency are aware that there is no connection or correlation whatsoever between bitcoin and stocks or even with other investment vehicles like gold, forex, derivatives, etc. Bitcoin and the rest of the gang is a standalone a class of its own and if ever there can be times when they move altogether those are just coincidences not worthy of studying. Right now, stocks are not doing well as the market is afraid of the results with the trade war between the powerful China (as well as with the influential EU) and the withering (though surviving for now) United States. The problems with stocks is one factor why the attention is focused on bitcoin right now.


▄▄▄███████▄▄▄
▄▄█████▀▀''`▀▀█████▄▄
▄███P'            `YY██▄
▄██P'                  `Y██▄
███'                      `███
███'                         ███
▄██'   ▄█████▄▄  ,▄▄▄▄▄▄▄▄▄▄p   ███
▄██▀  ,████▀P▀███.`██████████P   ▀██▄
███[ ,████ __. ███.   ,▄████▀    ███
███[ ]████████████[  ▄████▀       ███
███[ `████   ,oo2 ▄████▀'       ,███
▀██▄  `████▄▄█████d███████████   ▄██▀
▀██.   `▀▀▀▀▀▀"  Y▀▀▀▀▀▀▀▀▀▀▀  ,██▀
███.                        ,███
▀██▄                      ▄██▀
▀███▄_                 ,███▀
▀███▄▄_          _▄▄███▀
▀▀████▄▄ooo▄▄█████▀
▀▀███████▀▀'

365

TM

EZ365 is a digital ecosystem that combines
the best aspects of online gaming, cryptocurrency
trading
and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

..WHITEPAPER..    ..INVESTOR PITCH..

.Telegram     Twitter   Facebook

                       .'M████▀▀██  ██
                      W█Ws'V██  ██▄▄███▀▀█
                     i█████m.~M████▀▀██  ███
                     d███████Ws'V██  ██████
                     ****M██████m.~███f~~__mW█
          ██▀▀▀████████=  Y██▀▀██W ,gm███████
      g█████▄▄▄██   █A~`_WW Y█  ██!,████████
   g▀▀▀███   ████▀▀`_m████i!████P W███  ██
 _███▄▄▄██▀▀▀███Af`_m███   █W ███A ]███  ██
__ ~~~▀▀▀▀▄▄▄█*f_m██████   ██i!██!i███████
Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████
 8█  █▀▀█████.!██   ██████████i! █████
 '█  █  █   █W M█▄▄▄██████   ██ !██
  !███▄▄█   ██i'██████████   ██
   Y███████████.]██████████████
   █   ███████b ███   ██████
   Y   █   █▀▀█i!██   ████
    V███   █  █W Y█████
      ~~▀███▄▄▄█['███
            ~~*██

Play

            │
    │      ███
    │      ███
    │      ███
    │   │  ███
   ███  │  ███
   ███ ███ ███
 │  ███ ███ ███
███ ███ ███ ███
███ ███  │   │
███ ███  │   │
 │   │
 │

Trade

           __▄▄████▄▄
     __▄▄███████████████▄▄▄
 _▄▄█████████▀▀~`,▄████████████▄▄▄
 ~▀▀████▀▀~`,_▄▄███████████████▀▀▀
   d█~  =▀███████████████▀▀
   ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄
  ,W█. *████▄▄__ '  __▄▄█████
  !██P  █████████████████████
   W█. - ██████████████████▀
  i██[   ~ ▀▀█████████▀▀▀
 g███!
Y███

Learn
[/
thecodebear
Full Member
***
Offline Offline

Activity: 770
Merit: 158


View Profile
May 20, 2019, 01:50:41 AM
 #9

I've only heard people say that will very flimsy reasoning. Like they'll point to a particular day or week when both markets happen to be going up or down and say look they're correlated. Nobody should take these people seriously.
STT
Legendary
*
Offline Offline

Activity: 2212
Merit: 1146


WOLF.BET - Provably Fair Dice Game


View Profile WWW
May 20, 2019, 03:13:12 AM
 #10

Quote
bitcoin is falling because the stock market is falling

Thats conjecture, the two are responding to the same effect not linked directly as they describe completely separate things.    Most likely stocks fell in some response to perceptions on Dollar strength and interest rate rises previously and expected in future.   
Some apprehension about recession was also possible for stocks at least.    Bitcoin is also subject to leveraged money I think, this was a large part of the 2017 rise and greater exposure to consumer credit.   With rate rises comes tightening of loose money or hot money which is pushed between assets rising, often this can happen in conjunction.   I dont think BTC is leveraged but its a possible mistake by speculators at times.

Overall BTC is more diversifed then stocks I think due it to being quoted globally in a variety of currencies and exchanges not just one large city and one currency

.WOLF.BET.
▀  ▀▀▀▀▀▀
  ▀ ▀▀▀
 ▄ ▄▄▄   
  ▄ ▄▄▄
▄  ▄▄▄▄▄▄
        ▄▄▄▀▀▀▀▄▄▄
    ▄███▌        ▀▀▄
  ▄▀   ▐█████████▄  ▀▄
 ▄▀  ▄█████████████▄  █
 ▌  █████████████████  █
▐  ████████████████ ▄█
█  █████████████████████▌
▐  ██████████████████ ▀█▌
 ▌ ▐█████████████████▌ ▐▀
 █  ██████████████▀ ▄▀
  █   ███████████▀  ▄▀
   ▀▄▄██ ▀▀▀▀▀▀▀  ▄▄▀
     ▀██▄▄▄▄▄▄▄▄▀▀▀
▄███████████▄
███████    ████████████▄
███████    ███████   ▀██
██████████████████    ██
██    ██████████████████
██    ███████    ███████
█████████████    ███████
███████    █████████████
███████    ███████    ██
██████████████████   ▄██
██        ▀███████████▀
██
██
      ▄█▄         ▄█▄
 ▄██ ███ ███████ ███ ██▄
▐███▄ ▀ ▄███████▄ ▀ ▄███▌
▐█▌▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▐█▌
▐█▌   ▄▄▄▄▄▄▄▄        ▐█▌
▐█▌   ████████        ▐█▌
▐█▌       ███     ▄▄▀▀▀██▄
▐█▌      ███    ██▀      ▀█
▐█▌     ███    ███         █
▐█▌    ███     ███          █
 ██▄           ███▄         █
  ▀█████████████████▄     ▄█
                  ▀▀█████▀▀

████
██
██
██
██
██
██
██
██
██
██
████


.AFFILIATE PROGRAM.
   ...FREE FAUCET........
..CHAT RAIN.............
omonuyak
Sr. Member
****
Offline Offline

Activity: 882
Merit: 269



View Profile
May 20, 2019, 06:34:53 AM
Merited by pooya87 (1)
 #11

I have been in both bitcoin and stocks market and I have over 13 years of experience in stocks trading and I have never see the same pattern in both markets except in the imagination of few. Bitcoin is moving up seriously now why the stock and forex market are losing and that is a sign that both has different settings.
YuginKadoya
Legendary
*
Offline Offline

Activity: 1442
Merit: 1023



View Profile
May 20, 2019, 09:24:28 AM
 #12

I am familiar in both platforms, Maybe there are people that are thinking that it is the same and have some connection but that isn't really the point, Because of the different movement and platform stock exchange and Blockchain trading has to  offer, But they are both pretty have the same concept, And I have seen that the forex and other platforms of stock exchange does have bitcoin on their trading, I think that is given because naturally, bitcoin is the main source of all cryptocurrency.

                  ▄▄▄████████▄
              ▄▄██████████████
    ▄▄▄▄▄▄▄▄▄█████▀    ▀██████
▄▄███████████████        ████
 ▀▀████
███████████▄    ▄████
     ██████████████████████
     ▀███████████████████▀
    ▄██████████████████▀
   ▄████████████████
  ▄██████████████████
  ███████▀▀ ▀▀▀█████▀
               ████▀
               ██▀
.ROCKETPOT..           █████████
          ███
         ███
        ███
       ███
      ███
████████
      ███
       ███
        ███
         ███
          ███
           █████████
▄▄█████████▄▄
▄█████████████████▄
▄████████  █  ████████▄
▄██████         ▀███████▄
▄█████████  ████▄  ███████▄
██████████  █████  ████████
██████████          ███████
██████████  ██████  ███████
▀█████████  █████▀  ██████▀
▀██████          ▄██████▀
▀████████  █  ████████▀
▀█████████████████▀
▀▀█████████▀▀
||
█████████           
███         
███         
███       
███       
███     
████████
███     
███       
███       
███         
███         
█████████           
...PLAY NOW...
Gozie51
Full Member
***
Offline Offline

Activity: 798
Merit: 105


Change Your Worlds Build a New Era!


View Profile
May 20, 2019, 09:53:47 AM
 #13

The only similarity I see with bitcoin and stock is that they can be analyzed by technical indicators on the platform as far as trading is concern but coming to news, manipulations and emotional sentiments, they are far apart from each other.

Orionix        |│        The Future of Gaming Comission Free Games And Items Exchange
[   YOUTUBE   ]      [ AIRDROP ]      [    DISCORD    ]
WHITEPAPER                       TWITTER                       TELEGRAM                       ANN THREAD
klaaas
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 532



View Profile
May 20, 2019, 10:52:44 AM
 #14

Overall i dont think so. Bitcoin gains value out of trust and being a open book. It is a wild beast finding its way and does not follow any market.
carter34
Member
**
Offline Offline

Activity: 588
Merit: 15

★Bitvest.io★ Play Plinko or Invest!


View Profile
May 20, 2019, 11:25:11 AM
 #15

Going with Op question, yes people are thinking bitcoin is following up on stock. I think this is misleading because bitcoin is far different and volatile. The most people with this ideology is usually newbies.

What major factor that I think that grows bitcoin is acceptance or adoption. The more people make order to buy, price keeps appreciating in my own knowledge.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PLINKO    |7| SLOTS     (+) ROULETTE    ▼ BIT SPINBITVESTPLAY or INVEST ║ ✔ Rainbot  ✔ Happy Hours  ✔ Faucet
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Tytanowy Janusz
Hero Member
*****
Offline Offline

Activity: 504
Merit: 544


Self-made Hero Member


View Profile
May 20, 2019, 12:55:28 PM
 #16

This tweet from @krugermacro shows how little correlations there is between stock and bitcoins.

Stocks crashing. Bitcoin soaring. There goes another narrative.



If you look at 1 min chart you will always find discrepancies. But zoom out a little... I'll quote exstasie post from similar topic because he prepared nice charts for that.






As you can see there is very long term correlation that can't be denied by last few days movement.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
exstasie
Hero Member
*****
Offline Offline

Activity: 1302
Merit: 707


View Profile
May 20, 2019, 07:28:01 PM
Merited by Tytanowy Janusz (1)
 #17

last year (mostly near the end of the year) a common saying started to show up when people kept saying bitcoin is falling because the stock market is falling (an example) and although that was probably the first time bitcoin's drop coincided with stock market crash, this particular speculation became popular for some reason!

now the stock market is crashing due to trade war between the United States and China and meanwhile bitcoin has been rising consistently setting a new high each time it rises.

Uh, you call this a stock market crash? Cheesy

For some context, here's a screenshot of the S&P 500 index:



Interesting coincidence seen above: both the stock market and the Bitcoin market bottomed out in mid-December 2018. Interesting, that! Wink

Stocks have been in a bull market during Bitcoin's entire existence. There was fear of a crash last year that never materialized; in fact the stock market saw new ATHs just last month. The Bitcoin market has never experienced a real stock market crash or even a recession. So the people assuming these things would have zero effect on the Bitcoin market are making that assumption based on a crystal ball and some questionable logic, nothing more.

2chase
Hero Member
*****
Offline Offline

Activity: 1060
Merit: 501


🍀🍀🍀🍀🍀


View Profile
May 20, 2019, 08:40:02 PM
 #18

That's right. In fact, the whales very often can use the news background in order to give a big color to certain events and use this to influence supply and demand, however it often happens that no news influences what happens to Bitcoin, from which you can the conclusion is that Bitcoin is not so depends on the political situation.

🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🌃🍀🍀🍀🌃🍀🍀🌃🍀🌃🌃✅✅🌃🌃🍀🌃🍀🍀🌃🍀🍀🍀🌃🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀
Gaff
Hero Member
*****
Offline Offline

Activity: 924
Merit: 502


View Profile
May 20, 2019, 11:01:22 PM
 #19

That's right. In fact, the whales very often can use the news background in order to give a big color to certain events and use this to influence supply and demand, however it often happens that no news influences what happens to Bitcoin, from which you can the conclusion is that Bitcoin is not so depends on the political situation.

I just believed that stock market investors got diverted with bitcoin, once the price increase very fast. But for now I think it's not the green market that counts behind because most day traders cannot control their hands, and will dump very fast due to price surges. Just hope for the whales to subside when things remained stable so far, and yet probable price fluctuations was only a part of uprising further development .
goaldigger
Full Member
***
Offline Offline

Activity: 700
Merit: 141



View Profile
May 20, 2019, 11:10:52 PM
 #20

Since cryptocurrency is more like a currency than stocks, people see differently in between these two. Crypto is more influenced by governments, monetary system etc. Rather than a company's status and growth. I have thought also of this at first but as long as i get exposed to crypto, i understand it much better.

Pages: [1] 2 »  All
  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!