Post
Topic
Board Trading Discussion
Re: When the US stock market goes down Bitcoin goes down
by
pixie85
on 21/06/2020, 20:42:57 UTC
yes that is true. bitcoin follow stocks, but it should not be like that. when stocks falls money should flow into bitcoin

Bitcoin was looking good after the first Covid dip because it recovered much better than stocks. There were even opinions that it's going to be like gold and rise when stocks are falling.

The second dip is looking much worse with Bitcoin and S&P 500 looking almost the same.

It's still better to hold Bitcoin than stocks though because it dips and recovers faster but I'll admit that I was expecting a slightly better performance.