Quote from: avikz on December 30, 2019, 04:56:54 PM

Quote from: Derek86 on March 23, 2018, 10:46:18 PM

If stockmarket goes up, do you think crypto market would too?

please provide me good reasonss

There is no correlation at all! Bitcoin is nowhere close to traditional asset classes and traditional investors don't really like bitcoin as an investment. The main participants of the Bitcoin market is tech-savy millennial who likes to take risk and make big out of it, which is definitely different than the investment ideologies of the traditional class of investors. If you try to find correlation between stock market and Gold, then it's valid because Gold has been serving as a hedging instrument for the traditional class of investors. But bitcoin has not yet matured to that level where it can provide a safe hedging against stock market's movement. We still have a long way to go!

There's nothing wrong about investing in bitcoin. We trust bitcoin that it will sure rise again its price because it happened last 2 years. In 2017, it reached a $10K USD and above, if that happened, it will surely happen again. We are the ones who take a risk, but in the end, we're also the one who will benefit to that investment. No matter how long or how far but we will still be patient and positive.