Like what I have said previously in related posts Bitcoin and the crypto market has no direct correlation to what is happening in the stock market right now. While we both are being the demand for its supply the stock market is affected by external factors outside of its demand and those external factors are of the company itself and the economical performance of the country itself. (....)
This should be always in mind or every people especially those new in cryptocurrency.
Maybe they have some thoughts about this because they tend to compare always the the prices or charts of stock markets or cryptocurrency, although sometime you can see some part that has similarity but overall for me, nothing.
Well the problem here is mostly about how mainstream news always try to connect everything surrounding Bitcoin, they always try to relate it to current events, price movements, and other news so that they try to be relevant in the industry. The negative thing about that is it misleads a lot of people as well as make them assume that everything has a relation but the truth is it doesn't have one.
I'm of the same opinion as @Harlor here, in that there doesn't seem to be neither a cause and effect nor a correlation between the crypto and the stock market. This can easily be tested by making a stock market prediction but if one was to follow crypto and predict the stock market will realise the relationship does not hold true at all.
This makes sense because if this correlation were to exist traders would instantly work that out and always apply it, thus getting huge bucks every time.
Like what I have said above I have a feeling that these newbie traders have this "stock market's movement is related to the crypo market" relation on reading a lot of news that's why they might think that they do have a connection since the have been mislead by the news. This won't change until these newbie traders try to educate themselves and at least be observant on what they are seeing rather than believing it instantly.
