Post
Topic
Board Economics
Re: Bitcoin bull run begins now?
by
The Pharmacist
on 17/02/2018, 04:20:03 UTC
if all the trillions 2% in overvalued stocks find its way into cryptocurrency,
LOL.  That's not going to happen.  If only every person in the US drank only 3 more servings of Coca-Cola per day, my stock would make me a millionaire.  It's the if only part of your post that makes it an unrealistic condition.  All that money that flowed out of the stock market when it had a correction last week did not flow into crypto, and if the stock market were to lose 50% of its value next week, the money isn't going to flow there either.  Crypto money is separate from money invested in the stock market, and I don't think there's much of a correlation between the two at all. 

Frankly it'd be nice if someone with a background in econometrics did a study about this.  The only thing we're doing here is speculation with basically no hard data to back us up, and my opinion is as good as anybody else's as far as I'm concerned.