Subnostr

Has bitcoin failed in its entirety to establish a price action independent of the scam stock market index ?

I’d say yes

Curious perspective care to expand ?

I am looking at the wildly different prices especially where its banned ala nigeria where it has established black market value

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Discussion

Neuromancer 1y ago

The market of bitcoin is heavily correlated to the stock market index , which should have been exactly the opposite

This Is the biggest black swan in bitcoin

SGT.FISH 1y ago

I think correlation to the stock market is wildly exaggerated there are moments it definitely is but its way too short lived to call it a correlation.

Also think correlation breaks when macro things happen good example whould be looking at LTCM and how they blew up thinking correlation must continue

Neuromancer 1y ago

It has been heavily correlated for the past 3 years if that’s not long enough

SGT.FISH 1y ago

I whould say it isnt 3 years is relatively speaking very short especially since inflation went skyrocketing

Thanks for the discussion tho i see where uou are coming from

Neuromancer 1y ago

Either the correlation breaks now or this thing is fucked beyond belief