Bitcoin became the victim of its own success

[GlobalMacro90]

Again, you just handpicked a look back period to suit your rhetoric. Here is a measure that is more reflective of true correlation

Bitcoin’s Correlation With Big Tech Increases to Record https://www.bloomberg.com/news/arti...ation-with-big-tech-increases-to-record-chart

It is fair to argue that correlation was lower prior to 2020 but it has been strongly positive almost the entire 2 year period. And the time it broke down was mostly when SPX still held up (into Jan 2022) but btc crashed from its 60k+ highs earlier...

What??? I used the time period you picked!!

The correlation right now is high. It isn't always high. If you look long term, or take the average, its very mildly positive (0.1).

Are you arguing that the correlation has permanently changed?

 

[GlobalMacro90]

I feel good already, I don't make baseless claims. You are the one who does that. So, it's up to you to prove your claims or simply shut up.

Its a great trading ego boast when you tell the truth, and it triggers somebody so hard they swear you are lying . Thanks

 

[Frederick Foresight]

yeah. You can’t have a hundred currencies doing different things. One or two has to win everything.

I get that most, if not all, will fail. What I don't get is that any will necessarily succeed. That was my question.

 

[newwurldmn]

I get that most, if not all, will fail. What I don't get is that any will necessarily succeed. That was my question.

what might succeed may not have been developed yet. Block chain and crypto will change the world.

 

[M.W.]

It has been high the entire 2 years and when it revered to zero for a short time it was because btc crashed from 60k. Look it up, it's Bloomberg. Or you now call into question your own source? It sits at 0.6 as we speak.

What??? I used the time period you picked!!

The correlation right now is high. It isn't always high. If you look long term, or take the average, its very mildly positive (0.1).

Are you arguing that the correlation has permanently changed?

 

[M.W.]

In what way? I mean in what positive way? I am ivy league educated, have worked in the finance industry for over 2 decades and consider myself above average intelligent. If I can't see it then I am convinced 90% or 95% of the world population does not see it. What's the great innovation offered here? What makes our lives so much simpler and safer? I have to yet see a single product that originates even from the blockchain that solves a problem that was not solved before and is significant enough to be called innovative.

what might succeed may not have been developed yet. Block chain and crypto will change the world.

 

[Hunter2020]

Whoever running Linux, the distros using ur machines to mine crypto. Years ago when I gave Ubuntu a try I observe my PC uloading hundreds of MBs right around every midnight. My first thought was my machine part of botnet to crunch astronomy data. That was very naive thinking back then they must be mining for crypto...

 

[lwlee]

This is what I said. They have a loan, at 21K they need to put up more collateral (which they have)

Uh oh.

 

[lwlee]

Dammmmmnn, this video was done yesterday when LUNA was $66. Today it's $34.

 

[Pekelo]

but the correlation is a number not a feeling. Here is the rolling 26-week correlation between BTC and the nasdaq.

You idiot, your graph shows 10 years not 26 weeks. Care to try again?

I have been following both and this year I recall 3-4 times when they got out of correlation for 1-2 days top, other than that they were in step.

Put the 2 charts this year on the same screen for fuck's sake. Whom are you trying to fool? Correlation is 95% or so. that you are trying to argue against a simple FACT shows you are a moron.

Both Nasdaq and BTC topped in the same week back in November.