A blind man with his hand tied behind his back, can see, that there is a correlation.
Just look here:
http://www.bloomberg.com/quote/SHCOMP:IND
and here
http://coinmarketcap.com/currencies/bitcoin/#charts
Topic: Is there any connections between bitcoin price and stock market chaos? - page 2. (Read 2151 times)
August 26, 2015, 05:55:44 AM
August 26, 2015, 05:28:34 AM
NO, in my opinion the only thing that has affected bitcoin price recently is the Bitcoin XT debate and also the bitfinex bug which is one of the biggest bitcoin exchangers right now.
August 26, 2015, 05:19:13 AM
No stock market fundamentals are influence Bitcoin price. Bitcoin price depends on Miners costs and trading values.
August 26, 2015, 04:40:29 AM
Yes, I think it's a direct response to a combination of factors. The BitFinex bug started this all and then the stock market and the Chinese situation just made it worst. The XT fork just put the cherry on the cake,
for more people to panic. Once people investigate a little deeper and they get the whole picture, the status quo would return and people will once again return to Bitcoin investment.
World stock markets react on the smallest bump in the road, and when the bump is pretty big, the wheels tend to come off very quickly. In Bitcoin we have some road side assistance to change the wheels for us.
Let's journey on fellow Bitcoin travelers.
for more people to panic. Once people investigate a little deeper and they get the whole picture, the status quo would return and people will once again return to Bitcoin investment.
World stock markets react on the smallest bump in the road, and when the bump is pretty big, the wheels tend to come off very quickly. In Bitcoin we have some road side assistance to change the wheels for us.
Let's journey on fellow Bitcoin travelers.
August 26, 2015, 04:28:38 AM
There was total panic all over the world. I think people just did know what to do with any type of stock asset or bitcoin for that matter.
August 26, 2015, 04:27:05 AM
I think it is a combination on the XT debate and stock market crashing as I think people may have dumped out of BTC to gain on the stock markets. That's what I would have done if I was still interested in the stock market.
August 26, 2015, 03:11:20 AM
No. The decline in Bitcoin price is directly related to the XT debate and nothing else. If nothing, the stock market crash should have propelled Bitcoin price upwards. If there was no block size debate, this would have happened 99%.
Now, maybe we would also see much more dumping and bigger price decline if there was no stock market crash. We can never know this for sure though.
Now, maybe we would also see much more dumping and bigger price decline if there was no stock market crash. We can never know this for sure though.
August 26, 2015, 03:07:20 AM
Do you think the fall in the price of bitcoin is related to the stock market crash?
Any other factors do you think contribute most to the recent price drop?
Do you think there's bubble in bitcoin market?
Read more about global economic turmoil here：https://www.cryptocoinsnews.com/global-economic-outlook-market-turmoil/
Any other factors do you think contribute most to the recent price drop?
Do you think there's bubble in bitcoin market?
Read more about global economic turmoil here：https://www.cryptocoinsnews.com/global-economic-outlook-market-turmoil/
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