I'm still not entirely convinced with what exactly the correlation between the stock market and bitcoin markets are, because there is still a lack of institutional investors that are actually actively invested in bitcoin. Plus, we don't know what they would actually do in a bear market situation, there is simply not enough data to gather from.
If there was any correlation you would be able to see it by overlaying the charts. I played about with that a bit over the weekend and there absolutely isn't any correlation there.
Over what time period? Overlaying can also be problematic if not scaled correctly. I've seen some fairly compelling cases made, although the 2014-2015 bear market was a divergence. For comparison, Bitstamp vs. the SPY:
The long term trends are pretty obviously correlated, but we don't know the underlying cause. I think the general belief is about overall money flow into risky assets. It would be interesting to see what happens in a true global economic crash with financial contagion.
OP, the "big dip" to the lows is absolutely done. Buy mow while the price is under $10,000 still. You would not want to be one of those people who wished he bought "low". The same with the people who regret buying under the magic numbers, $100 and $1000.
And what if this plays out like 2014? Or 2011?!
