Bitcoin tagged to be on same line with the Nasdaq 100 assets ???

CaVO32

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Quote from: chenille on April 17, 2022, 09:45:51 AM

You are right, Bitcoin has acting similarly to stock markets especially technically relevant stock markets like Nasdaq.
We can consider Bitcoin treated somehow as a tech stock, where Bitcoin only has more volatility but is moving along similarly.

I would assume, it's only a short term appearance as Bitcoin and stocks are going into an undecided direction. It is likely to change again when Bitcoin finally can profit from a more bullish market impression especially when Bitcoin's halving will come up again. But likely far sooner.

Bitcoin was inherently developed as a scarce asset, as a store of value and it's only a matter of time when Bitcoin will outperform Nasdaq again.

We can't deny the fact that bitcoin is now making a wave same as with stock markets. The proof is it is listed already under nasdaq. It means, the scope of crypto market is already global as well as accepted globally, which is cemented by nasdaq's inclusion of crypto market. The volatility factor is still there but that's the unique feature of crypto or bitcoin why many are being attracted to it. And people are realizing that even if they are against with crypto, still, it will exist and more people are appreciating its benefits.

chenille

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chenille!

You are right, Bitcoin has acting similarly to stock markets especially technically relevant stock markets like Nasdaq.
We can consider Bitcoin treated somehow as a tech stock, where Bitcoin only has more volatility but is moving along similarly.

I would assume, it's only a short term appearance as Bitcoin and stocks are going into an undecided direction. It is likely to change again when Bitcoin finally can profit from a more bullish market impression especially when Bitcoin's halving will come up again. But likely far sooner.

Bitcoin was inherently developed as a scarce asset, as a store of value and it's only a matter of time when Bitcoin will outperform Nasdaq again.

savetheFORUM

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Quote from: davis196 on February 14, 2022, 06:45:43 AM

Nasdaq is not a stock.Nasdaq is an index which is combining a bunch of stocks.
Bitcoin is being compared to stocks all the time.Bitcoin was compared to gold and fiat currencies ever since it was created.
Both stocks,commodities and fiat currencies are being traded on the financial market and their value/prices goes up and down.Bitcoin is being traded on the cryptocurrency markets and it's value/price goes up and down.This is the only thing stocks,commodities,fiat currencies and Bitcoin have in common.
Saying that there is a correlation between the Bitcoin price and Nasdaq is just a speculation.
Sometimes both Bitcoin and Nasdaq follow the same market trend,but that's a coincidence(or they just react to the same FUD news coming from the big governments/central banks).
Nobody can prove that just correlation actually exists.

Thanks for this info but I think he knows this already because he mention the word assets so I assume that assets mean composed of different stocks. They wont compare btc to some stocks if both of them doesn't functions the same but the reason why they compare it is because btc is more than just a currency but it can work like a stock too or an alternative to it.

They don't say that there is a relation with the price but if there are patterns I guess that does not mean anything and wont work like that in the same way but I didn't know that there are other more volatile assets than btc because I thought btc is already the most volatile among all. Interesting Wink

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darkangel11

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Don't let others control your BTC -> self custody

Quote from: adaseb on February 12, 2022, 11:27:18 PM

Lately Bitcoin has been trading as a risk on asset like the stock market. Usually stocks like Apple they follow indices like SP500, DOW and Nasdaq. But lately Bitcoin also started to correlate with them.

So this is why lately when you saw the nasdaq go down, so did Bitcoin and vice versa was true. All those good earnings, bad earnings, CPI data, fed rate talk, WW3 possibility made the nasdaq move and Bitcoin followed their moves.

On weekends it doesn’t follow because the stock market is closed.

It often does follow on weekends as well as traders anticipate what will happen on the traditional markets. Sometimes big news come out on weekends like in the recent days there were explosions in Ukraine and Some missile tests done by Belarus. Also there were some negative opinions coming from politicians who said that this conflict seems to be escalating.
When bitcoin traders expect markets to go down on Monday they will sell on Sunday and that's pretty much what is happening.

The positive side of all this is that it's mostly short term traders who are mitigating the risk. If you are one of them you can worry about these 10% moves.

Tytanowy Janusz

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Quote from: Drnice on February 12, 2022, 02:48:58 AM

The price speculation found in Bitcoin so far makes it to have some features of the Nasdaq 100, and we know how the price fluctuate so sharply, where immediate gains/loss takes place in no time.

From time to time, especially when global situation is conserning for investors (WW3 war fear, inflation fear, interest rates fear) charts are moving exacly the same for bitcoin and SP500 (not even talking about nasdaq which is closer to bitcoin). Its surprising how it works with every 5 min candle. Im my thread I've prepeared few screen shots:

"S&P500? BTC? I don't care my algo is ready!" - during covid panic sell

But last year bitcoin act as stocks during fear events with not 100% accuracy. It sometimes moves closer to gold showing that for some investors bitcoin is closer to gold (safe haven) rather than stocks (risky investment)

davis196

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Nasdaq is not a stock.Nasdaq is an index which is combining a bunch of stocks.
Bitcoin is being compared to stocks all the time.Bitcoin was compared to gold and fiat currencies ever since it was created.
Both stocks,commodities and fiat currencies are being traded on the financial market and their value/prices goes up and down.Bitcoin is being traded on the cryptocurrency markets and it's value/price goes up and down.This is the only thing stocks,commodities,fiat currencies and Bitcoin have in common.
Saying that there is a correlation between the Bitcoin price and Nasdaq is just a speculation.
Sometimes both Bitcoin and Nasdaq follow the same market trend,but that's a coincidence(or they just react to the same FUD news coming from the big governments/central banks).
Nobody can prove that just correlation actually exists.

pooya87

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Quote from: Drnice on February 12, 2022, 02:48:58 AM

We all take Bitcoin to be a digital asset

Well if you think all the fiat currencies in the world that are being traded on Forex market are digital assets then you can also call bitcoin that is also a currency, a digital asset!
But don't say "we all".

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The price speculation found in Bitcoin so far makes it to have some features of the Nasdaq 100,

How so?!!!
I don't see any similarities whatsoever. Just because a tiny portion of the charts overlap it doesn't mean they are the same. For example in the second half of 2021 bitcoin went up 150%, can you honestly say that it resembles NASDAQ 100 that was struggling to go up 10%?!!!

Quote

and we know how the price fluctuate so sharply, where immediate gains/loss takes place in no time.

Not always though. The sharp moves happen only during bubble pops whether it's a drop after a bubble or a rise after a reverse bubble. Other times it is a more reasonable move.

Quote

Are we going to really align them to be on same level, or the price of Bitcoin is more stable than the Nasdaq 100 stock.

I already gave you an example, in comparison with bitcoin NASDAQ 100 is dead because it doesn't make that much move Cheesy

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“When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same,”

DO NOT confuse "crypto" with "bitcoin". Crypto, aka altcoins, are super risky but bitcoin is nowhere near as risky as them.

adaseb

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Lately Bitcoin has been trading as a risk on asset like the stock market. Usually stocks like Apple they follow indices like SP500, DOW and Nasdaq. But lately Bitcoin also started to correlate with them.

So this is why lately when you saw the nasdaq go down, so did Bitcoin and vice versa was true. All those good earnings, bad earnings, CPI data, fed rate talk, WW3 possibility made the nasdaq move and Bitcoin followed their moves.

On weekends it doesn’t follow because the stock market is closed.

_act_

legendary

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Lightning network is good with small amount of BTC

Quote from: Drnice on February 12, 2022, 02:48:58 AM

We all take Bitcoin to be a digital asset that has gained the trust and support alongside every new price mark it attains, making many rich with the judicious use of this piece of technology.

It is called passive income, it does not have to be judicious use of Bitcoin, it is just about buy and hodl.

Quote from: Drnice on February 12, 2022, 02:48:58 AM

The price speculation found in Bitcoin so far makes it to have some features of the Nasdaq 100, and we know how the price fluctuate so sharply, where immediate gains/loss takes place in no time.
“When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same,” Hogan said.

Gain and loss occur in no time but only gain occurs in long term if you hold Bitcoin, I do not know about Nasdaq but I know about Bitcoin. People that are losing are traders.

Drnice

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We all take Bitcoin to be a digital asset that has gained the trust and support alongside every new price mark it attains, making many rich with the judicious use of this piece of technology. The price speculation found in Bitcoin so far makes it to have some features of the Nasdaq 100, and we know how the price fluctuate so sharply, where immediate gains/loss takes place in no time.
Are we going to really align them to be on same level, or the price of Bitcoin is more stable than the Nasdaq 100 stock. Both of them are being tagged to trade with caution, while one has more stability and price trend within a period.

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“When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same,” Hogan said. “When the Nasdaq 100 or any of the other more-speculative, rapid-growth, momentum-type asset classes start to gain some traction, so will cryptocurrencies.”

Here is the source
Any thoughts on this?

Topic: Bitcoin tagged to be on same line with the Nasdaq 100 assets ??? (Read 126 times)