Quote from: Artemis3 on December 30, 2019, 05:07:17 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

This has been answered before. The answer is no. It tends to be the opposite, but not quite. Bitcoin is similar to gold, some investors seek refuge there when the economy goes bad. Bitcoin is not affected by the state of the economy, just like gold.

There is no established connection or correlation between cryptocurrency market and stocks. However, as noted, there is that tendency that if stocks are doing well cryptocurrency may not be, and I am assuming that it can be because the focus will be less on cryptocurrency as an alternative investment vehicle once investors are doing well in stocks or similar assets. What is an established fact is that when there will be disruptions or turmoils economically or politically then cryptocurrency can be doing good. It means that bad news can be good news to cryptocurrency especially Bitcoin. However, this can just be a temporary thing as years or decades from now when the market has already expanded so well there will be less influence with the bad developments all around the world.