Post
Topic
Board Speculation
Re: When traditional markets fall, alternative markets fall harder
by
exstasie
on 26/12/2018, 03:36:47 UTC
If you compare the dow jones, or the S&P 500 to the bitcoin chart you can notice that the stock's have been in a rally since 2009 right when bitcoin was just created, this means that the crypto currency space has never experienced a stock bear market, because stocks have been bullish since 2009 and right now they are starting to fall and I believe there will be a bigger crash than the one that happened in 2008-2009, based on this we can say that all the thousand's of bitcoin "deaths" where just mere corrections, like when bitcoin went from 30$ to 2$ when it went from 1200$ to 200$ and now from 20k to 3k all of the previous corrections where with a bullish stock market, but now the stock market for the first time since 2009 is beginning to plunge and is taking cryptos down with it, something that hasn't happened in the previous btc "deaths"

You're right. It's true that Bitcoin has never experienced a recession or depression. Nobody knows what will happen.

The thing is, the current "plunge" in the stock market is quite small compared to crashes like 2008. We're still in the range of the 2011 stock market correction in terms of volatility. Bitcoin mirrored the stock market in 2011 on the way up and the way down. I wouldn't be surprised to see a violent bounce in equities as we enter the new year, consistent with the recent bounce in BTC.