Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 08/12/2017, 06:42:13 UTC
So these so called "uncorrelated assets" that are supposed to both move in the same direction
idonotthinkthatwordmeanswhatyouthinkitmeans.png

That was a dumb comment.  During brexit, lots of sheklers crawled out of their rat holes claiming bitcoin was now joining the ranks of "uncorrelated assets" with metals.  Meaning if things like stocks dump, you can use the other as a hedge.  There's mostly no such thing as uncorrelated assets because money is a zero sum game with money sloshing around from one asset to another, so the real term should probably be more like inverse assets when uncorrelated assets don't really exist .  Anyway, the point is that if people claim to recognize both as similar off-risk assets (bitcoin off-risk, yea right), then there is no reason the two should be moving in exact opposite directions without mass fraud at play.