Post
Topic
Board Economics
Re: NASDAQ vs BTC
by
jaysabi
on 09/11/2017, 20:54:48 UTC
Hmmm  Getting closer.. ?? :-)

I see you resurrected this thread.  These old threads are sometimes fun to look back over. The 30% equities correction never materialized; the stock market has been on a pretty consistent tear since the OP. Longest bull run in history at this point. I'm not convinced of any correlation between btc and equity markets anyway, except that in the next market correction, I expect both crypto and equities to suffer a big pullback, and I expect btc to take bigger losses.  I do want to point out how funny it seems now that the graph in the OP was concerned about a collapse from the $200s as a bubble, when bitcoin routinely trades up or down $200 in a matter of hours now. Sitting above $7000, the concern of the drop from $250 to $150 seems adorable! 

Btw, I'm totally concerned btc is currently a bubble, especially because nobody seems to see the constant price rise as a problem. That parallels the .com crash and the housing crash.