Subnostr

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

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

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Discussion

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