Bitcoin / Crypto wreaking havoc on Dow, Shanghai composite and Commodities

kingcolex

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Quote from: Bitcoinpro on July 28, 2015, 01:42:24 PM

Quote from: foodstamps on July 28, 2015, 12:45:30 PM

Consider that there are many single companies with market cap higher than bitcoin market cap. So how could something worth as little as Bitcoin(sorry guys but $4,000,000,000 is not much in the finance world) "wreak havoc on Dow"?

its called disruptive technology get used to it

You're being too biased, he has a point, we might see a small bump or a small fraction of traders starting to grab up bitcoin but we are nowhere close to have the commodities markets pegged. This is just not rational thinking for the current time.

foodstamps

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Quote from: Bitcoinpro on July 28, 2015, 01:42:24 PM

Quote from: foodstamps on July 28, 2015, 12:45:30 PM

Consider that there are many single companies with market cap higher than bitcoin market cap. So how could something worth as little as Bitcoin(sorry guys but $4,000,000,000 is not much in the finance world) "wreak havoc on Dow"?

its called disruptive technology get used to it

If you say so man Roll Eyes

.

I made a sandwich today instead of going to Taco Bell. I may have bankrupt them.

Bitcoinpro

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Quote from: foodstamps on July 28, 2015, 12:45:30 PM

Consider that there are many single companies with market cap higher than bitcoin market cap. So how could something worth as little as Bitcoin(sorry guys but $4,000,000,000 is not much in the finance world) "wreak havoc on Dow"?

its called disruptive technology get used to it

foodstamps

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Consider that there are many single companies with market cap higher than bitcoin market cap. So how could something worth as little as Bitcoin(sorry guys but $4,000,000,000 is not much in the finance world) "wreak havoc on Dow"?

Bitcoinpro

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the

Quote from: MF Doom on July 28, 2015, 11:16:15 AM

Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

And moreover the market cap of all crypto COMBINED has got to be so small that its basically insignificant compared to the global stock market.

Any correlation has got to be just coincidence at this point, or at the very least related just due to people reacting to the same worldwide events (such as the greek debt crisis and recent chinese market drop)

the problem is believing fake fiat numbers and fake stock prices and fake house prices, hope your not just

pretending u belive all those numbers because if u are you really have me fooled Cheesy

and please don't force me to overlap all the graphs

how bout the intrinsic graph of all fiat currencies having inflation vs bitcoin

u might say that btc went up and fell back down?

well thats because it was an exchange printed price if everyone of those mtgox coin holders

actually held their bitcoin do u think the price would have swung up then down like that

MF Doom

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Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

And moreover the market cap of all crypto COMBINED has got to be so small that its basically insignificant compared to the global stock market.

Any correlation has got to be just coincidence at this point, or at the very least related just due to people reacting to the same worldwide events (such as the greek debt crisis and recent chinese market drop)

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: jeannemadrigal2 on July 28, 2015, 11:00:33 AM

Quote from: ?? on ??

Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

I am on board with this, there are way too many factors for commodities per market and no way they can peg to crypto alone. Hell just one manufacturer can change prices to copper.

I don't disagree, but doesn't it seem like, in general, when the stock market/assets goes down, btc goes up? I agree there is not enough data to make a call, but this is what it looks like recently. Maybe more investors are aware of cryptos.

crypto could be correlated to larger instruments but not necessarily the other way around. Bitcoin is too small yet to impact larger markets.

jeannemadrigal2

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Quote from: ?? on ??

Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

I am on board with this, there are way too many factors for commodities per market and no way they can peg to crypto alone. Hell just one manufacturer can change prices to copper.

I don't disagree, but doesn't it seem like, in general, when the stock market/assets goes down, btc goes up? I agree there is not enough data to make a call, but this is what it looks like recently. Maybe more investors are aware of cryptos.

anderson00673

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Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

This. We might be developing an asset safe haven here, but the vast majority of investors are not even aware of cryptos yet. When they are the market cap will become very interesting

LiteCoinGuy

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In Satoshi I Trust

Quote from: Bitcoinpro on July 27, 2015, 11:33:36 AM

Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

then why are they moving in opposite directions these last few months? everything going down btc up, i wonder actually i don't

coincidence in my view. please look at a timespan of 2-3 years. are there still correlations?

Bitcoinpro

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the

Quote from: Scott J on July 27, 2015, 10:36:40 AM

Maybe there is a correlation in that, more and more, traders move into crypto when the more traditions assets fall.

How would you go about pegging them to Bitcoin and how would that help?

the assets and commodities need to be traded directly, fiat is now pretty worthless its just a pony show while we are the Melbourne cup

Bitcoinpro

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Quote from: LiteCoinGuy on July 27, 2015, 10:52:14 AM

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

then why are they moving in opposite directions these last few months? everything going down btc up, i wonder actually i don't

unamis76

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I don't also see a correlation... But I'm also not presenting any real numbers Wink

So feel free to prove me wrong if you have some numbers on that.

LiteCoinGuy

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In Satoshi I Trust

i cant see a correlation between the stock market and BTC , sorry. BTC moves very independent.

Scott J

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Maybe there is a correlation in that, more and more, traders move into crypto when the more traditions assets fall.

How would you go about pegging them to Bitcoin and how would that help?

Bitcoinpro

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im studying these indexs alot and im feeling a correalation that until

assets / stocks are pegged properly to Crypto properly they will

keep struggling reguardless of how much intervention and trading

halts are applied

Topic: Bitcoin / Crypto wreaking havoc on Dow, Shanghai composite and Commodities (Read 745 times)