Topic: Coincident or Prescient? (Read 1209 times)
It's great that it keeps dropping low enough to buy at a bargain every once-and-again. These days won't last.
When the market crashes ppl pull their money out of BTC to raise cash.... when the market raises again they feel more comfortable investing.
Yeah I am seeing a strong trend of bitcoin reacting to the stock market. Is this by accident or is there some basis on this discovery? Not sure but sure seems to be falling and recovering with the stock market.
Today, the USD/BTC rate broke above $10 on Mt. Gox.
I reiterate the apparent correlation with equity markets. Markets futures made an amazing recovery over the past several hours...
What else is Bitcoin tied to, and how strongly? Where? At the exchanges, the individual traders or elsewhere?
I reiterate the apparent correlation with equity markets. Markets futures made an amazing recovery over the past several hours...
What else is Bitcoin tied to, and how strongly? Where? At the exchanges, the individual traders or elsewhere?
A major waterfall drop in BTC exchange rates yesterday followed by a massive decline in global equity markets today. Is Bitcoin already acting as a more effective and efficient financial structure than established markets? Does its decentralized nature allow for more accurate price discovery? I haven't seen anything here discussing this reverse association.
I've suggested that the Bitcoin price correlates well with equities, though that observation isn't backed by hard empirical data yet. It's also been noted that Google Trends has an interesting relationship to the rate of Bitcoin adoption and valuation.
How closely tied to other markets is the Bitcoin system? Thoughts, ideas, inferences?
I've suggested that the Bitcoin price correlates well with equities, though that observation isn't backed by hard empirical data yet. It's also been noted that Google Trends has an interesting relationship to the rate of Bitcoin adoption and valuation.
How closely tied to other markets is the Bitcoin system? Thoughts, ideas, inferences?
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