I saw this article in my twitter feed; t'was interesting. The S&P500 is now more volatile than bitcoin.
https://www.bloomberg.com/news/articles/2018-11-02/s-p-500-s-wild-ride-makes-u-s-stocks-more-volatile-than-bitcoin
Methinks that the increase in bitcoin adoption has done its work in reducing volatility.
https://www.bloomberg.com/news/articles/2018-11-02/s-p-500-s-wild-ride-makes-u-s-stocks-more-volatile-than-bitcoin
Methinks that the increase in bitcoin adoption has done its work in reducing volatility.
it was only last year that bitcoin rose 2600% in price. then it dropped 71% in price this year. how does that compare to the stock market?
these news sites are just generating clickbait headlines. stocks experienced some short term volatility, while bitcoin experienced the opposite. not much of a story. within a few months, and certainly by the time bitcoin enters another bubble cycle, bloomberg will be singing a different tune.
I wouldn't call this exactly a click bait, it is mostly a mistake and it is a common one. and this mistake is looking at bitcoin only in its short term instead of looking at the big picture. that "zoomed in" analysis may work with other markets like stocks market but it never works with bitcoin.
what everyone needs to realize is that bitcoin market is unique like bitcoin itself and it follows its own rules and trends,... which means it shouldn't be compared with others.