Post
Topic
Board Bitcoin Discussion
Re: Bitcoin suddenly became a "storm shelter" when stocks plunged
by
stompix
on 15/02/2018, 23:14:27 UTC
Immediately, bitcoin advocates have quickly praised the important feature of digital money: the asset is completely immune to the turmoil of the vast financial market, not under the constraints of any public sector, country or central bank, and therefore can become a paradise when the market collapses. And although chaos is something that can easily be found at bitcoin prices, last week US stocks have beaten the biggest currency in this respect.

It makes no sense.
Stocks have dropped down to December levels, Bitcoin prices went down to November level.
Stocks were influenced by politics, unemployment numbers, new fiscal plans...Bitcoin went down 70% on...rumors and nothing more!!

Immune to the turmoil? One misinterpreted  letter from a CB and the coin is down 10%.
We're not close to even dream about being immune.